JF2120: Jumping In The Market With Patrick Menefee
The Best Ever CRE Show
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How to Structure a Partnership With a Partner
It was kind of a mix of by accident when it finally worked out and then just some overall planning I was looking for a partner on it. Since it was six units I couldn't get a conventional mortgage so I had to get a commercial loan. The way that we worked out the partnership was he was providing the majority of the cash but I was going to be primarily on the loan. We basically worked it out in a way that worked out perfectly for both of us.
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