Why 50/50 Partnerships might be a bad idea (Minisode)

Ready to take the leap into uncharted real estate territory but unsure when the stars will align for your next big move? Today’s minisode of the Real Estate InvestHER Show got you covered! Join us as we dive deep into the age-old question of timing in the ever-evolving real estate world. With market fluctuations and financing challenges, now's the perfect moment to either embrace fresh opportunities or fortify your current path. Liz and Andresa stress the significance of evaluating real estate partnerships. They explain why a 50/50 split may not always be ideal and instead suggest understanding each partner's unique strengths to contribute to project success. Their step-by-step approach includes using a Partnership Guide from their website to answer essential questions and then making two columns: one for what each partner brings to the table and the other for project goals. Through this evaluation, a fair profit split can be negotiated. Liz and Andresa share a successful 50/50 partnership example where they complemented each other's strengths. They also advise partnering with experienced individuals for valuable knowledge and to avoid mistakes. "I don't think any partnership works if you're not bringing your unique abilities to the table. What you bring to the table will be column number one.” (03:45 – 03:49) "Taking any sort of assessment tool, doing things that are objective is really powerful because it's not our own opinion, but it's a third party's opinion in the sense of like highlighting things that maybe are so easy to you or so natural to you that you don't even think are a strength." (04:40 - 05:00) "If you think a partnership takes a lot of your time, your profit at the end needs to be much higher than before.” (08:26 - 08:32)    How To Join the InvestHER Movement   InvestHER CON 2024 Austin, TX Omni Barton Creek Resort June 3-4 - "ALL IN – It’s Time to Thrive”  Here is what you can expect at InvestHER CON 2024: Pre-event network, 2 full days of transformational experiences, access to over 20