At some point in every real estate investors career they will entertain the thought of working with a partner. In some cases, the right partner will be the best thing you can do, greatly accelerating your business growth. In other scenarios, you will almost instantly regret the partnership and look for ways to get out of it. Before committing to anything you need to take a step back and first evaluate yourself and your business. Knowing your strengths and weakness and where you need help is important in determining whether a partner is right for you. Not every investor benefits from a partnership, and in some cases, will set your business back months. Before getting involved with anyone there are a few basic questions you should put on the table. Here are five questions to ask before taking on a new business partner.
The right partner can have a positive lasting impact on your business. Always be willing to ask the tough questions before getting started so you can enjoy the full benefit of the partnership.
Original article: https://www.cthomesllc.com/2019/01/5-questions-to-ask-before-taking-on-a-business-partner/