58 min
Partnering Up, Part 2: Two Real-World Case Studies with Amy Swayze and Chris Lawrence Real Estate Rookie
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- Investing
So... how do partnerships work in real life? Today, you'll learn how – from two new(ish) real estate investors: Amy Swayze and Chris Lawrence.
Amy breaks down her partnership with her adult son, who used his retirement fund to jumpstart their investing career earlier this year (right before COVID hit!). Here's the arrangement: Amy's son brings the money and crunches the numbers; she manages rehabs and gets tenants in their BRRRR rental properties.
Chris is a more experienced investor, having left his sales job to start investing full-time in the Rochester, NY area. Still – when he first jumped into real estate investing, he realized he was missing a few pieces of the puzzle (including liquid $$$).
So what did he do? He found a partner!
Like Amy, Chris and his partner split everything 50/50. They use a HELOC to borrow money at a low interest rate... so they can make cash offers when they're looking for flips and wholesale deals.
This is a real-life look behind the curtain to see how two rookie investors are running their business, and using partnerships to supercharge their wealth-building. Don't miss it... and if you enjoy it, share it with a friend or family member. Who knows, he or she might want to partner up with you someday!
In This Episode We Cover:
How Amy partnered 50/50 with her son, an electric line worker who likes the tax advantages of real estate
How she and her son divide duties
Using hard money to fund their BRRRR deals
Starting out in real estate investing right before COVID-19 hit
How Chris' partner complements his skill set
How he evaluates various exit strategies
A deep dive into one of Chris and his partner's recent fix-and-flips
And SO much more!
Check the full show notes here: https://www.biggerpockets.com/rookie31
Learn more about your ad choices. Visit megaphone.fm/adchoices
So... how do partnerships work in real life? Today, you'll learn how – from two new(ish) real estate investors: Amy Swayze and Chris Lawrence.
Amy breaks down her partnership with her adult son, who used his retirement fund to jumpstart their investing career earlier this year (right before COVID hit!). Here's the arrangement: Amy's son brings the money and crunches the numbers; she manages rehabs and gets tenants in their BRRRR rental properties.
Chris is a more experienced investor, having left his sales job to start investing full-time in the Rochester, NY area. Still – when he first jumped into real estate investing, he realized he was missing a few pieces of the puzzle (including liquid $$$).
So what did he do? He found a partner!
Like Amy, Chris and his partner split everything 50/50. They use a HELOC to borrow money at a low interest rate... so they can make cash offers when they're looking for flips and wholesale deals.
This is a real-life look behind the curtain to see how two rookie investors are running their business, and using partnerships to supercharge their wealth-building. Don't miss it... and if you enjoy it, share it with a friend or family member. Who knows, he or she might want to partner up with you someday!
In This Episode We Cover:
How Amy partnered 50/50 with her son, an electric line worker who likes the tax advantages of real estate
How she and her son divide duties
Using hard money to fund their BRRRR deals
Starting out in real estate investing right before COVID-19 hit
How Chris' partner complements his skill set
How he evaluates various exit strategies
A deep dive into one of Chris and his partner's recent fix-and-flips
And SO much more!
Check the full show notes here: https://www.biggerpockets.com/rookie31
Learn more about your ad choices. Visit megaphone.fm/adchoices
58 min