Looking for a better return on your property management investments? Discover multi-unit investing with the help of CMC Investments.
Multi-unit investing can benefit you, your investment portfolio and your bottom line – in a variety of ways. Diversify your money and investments in real estate. Enable and empower tax benefits. Put together a career backup plan. Even plan for your children’s college fund.
Additionally, the real estate investment division of CMC Investments has formed numerous limited partnerships, general partnerships and LLC’s. Various entities have invested tens of millions of dollars in these assorted partnerships. To learn more about the benefits of such real estate investment partnerships, Click Here to Read More
Tips for a Successful Real Estate Partnership
Don’t sweat the small stuff:
Like any relationship there will be disagreements and there must be compromises. If you are the type of person who must have your way in every situation, you should probably go into business by yourself, because that is not the kind of partner most people want.
Do not start a partnership off the wrong way. Make sure the arrangement is well planned and includes an operating agreement to detail the roles and responsibilities, capital contributions, and profit splits. It should also include those things you likely do not want to talk about like what happens when the partnership ends (either by choice or death).
While partnerships have a lot of benefits, they are not for everyone, and many people are not good business partners. If you decide you would like to pursue a business partnership make one hundred percent certain you choose a business partner that will treat you fairly and has goals similar to yours. Carefully plan the arrangement and constantly communicate. If both partners remain committed to the business, you will likely develop one that is prosperous for all parties involved. When you can’t evade the picture of a partnership going down in flames, eat a pint of Ben & Jerry’s ice-cream…they made it happen and so can you.
Call us if you would like to learn more about the opportunities about a win-win Partnership.