Whether you’re lending private money or becoming a partner in a deal, taking a backseat can feel a little strange. That’s why you need to do as good a job as possible making sure that the real estate operator you’re trusting can come through on the deal as promised. Veteran investors like James Dainard are used to vetting partners, operators, and investors. James knows how confusing this can be for new hands-off investors, and that’s why he’s here to give you five crucial things to know about your operator before you invest.
Make no mistake—real estate deals go wrong. But, making sure that your operator is experienced, financially sound, and has all their legal ducks in a row can be the difference between a handsome return and walking away with a loss on your next deal.
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Check Out James on the “On The Market” YouTube Channel:
Check out Last Week’s Video on Interest Rate Updates:
How to Properly Vet Your Syndication Partner Before Investing:
How to Properly Vet Your Syndication Partner Before Investing
5 Tips I Wish I Knew Before Partnering on a Real Estate Deal:
5 Tips I Wish I Knew Before Partnering on a Real Estate Deal
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00:00 Making Truly Passive Income
01:30 Types of Fix and Flip Operators
03:07 Vetting the Deal Structure
05:42 Vetting the Terms of The Deal
08:20 Vetting the Terms of The Deal
11:47 Protect Your Profits!