Buying Investment Property With A Partner – 913-735-0018

Are you looking to acquire real estate investments and maybe considering bringing another investor into the agreement? Then make sure you read this blog post first! Buying investment property with a partner can be a great way to invest, if you follow these 3 strategies…

They say “two heads are better than one” and that’s true in many areas, including buying investment property with a partner in Kansas City. But remember: a partner brings benefits to the table but also adds a layer of complexity to the situation. The best way to make sure you have an enjoyable and mutually profitable investment is to discuss and agree on the following 3 strategies…


Strategy #1. Agree On What Each Partner Brings To The Table

When people think about partnering, they often first think of the money and how much capital each partner brings. However, depending on the investment, each partner might bring different things including capital, sweat equity, knowledge and experience, an existing business and/or existing relationships, and a good credit score… just to name a few. There are many ways that both partners can contribute in an investment deal in Kansas City.


Strategy #2. Agree On Each Partner’s Ongoing Responsibilities

Once the deal is acquired, they might yet be more work to do. If you’re managing the property yourself then you’ll need to figure out who does what; if you’re hiring a property manager then you’ll still need to decide who speaks to the property manager if you need to. You’ll need to decide who deals with the tenants and who deals with the Kansas & Missouri taxes and paperwork.


Strategy #3. Agree On Each Partner’s Expected Return And Exit

As the property starts to deliver a return, you will need to figure out what each partner gets. Do you split the cash flow? By what percentage? Will you split the value of the property if the property is sold in the Kansas City market? By what percentage? It doesn’t have to be 50/50 if one partner brings more to the table than another. You also need to decide on your exit strategy – for example, under what conditions will you choose to the sell the house? What happens if one partner wants to leave the agreement?



Buying investment property with a partner in Kansas City or anywhere in Kansas & Missouri might seem like it’s fraught with peril but it’s really not – as long as you figure out ahead of time what the agreement will look like between the two of you. You need to sit with your partners and determine what you’re each bringing to the table, what your ongoing responsibilities are, and what you each expect to get out of the deal. Knowing this ahead of time will help erase many difficulties and misunderstandings, and ensure everyone feels fairly treated.


Ready to buy right now in Kansas City? Great! We’re here to help.

If you’re buying investment property with a partner, and if you and your partner are ready to start looking at property, call our office at 913-735-0018 or click here now and enter your information into the form to see what investment properties we have available.

Kim Tucker

Kim Tucker along with her husband Don and son Scott has been buying homes across the Kansas City Metro since 2000. When you need to sell a home, don't have the time or money to go the traditional route, and want to skip the hard parts of cleaning it out, fixing it up, all the marketing, inspections, and waiting, we have the easy button. Give us a call and see how we can help. We buy across the Kansas City Metro area, Northland, Eastern Jackson County, Johnson County, and more. Draw a big circle around the major metro area and that is our area. We are also licensed Real Estate Agents, so if you want to compare a cash offer vs listing it as is (we do that, not all Realtors do) or listing it all fixed up, we can walk you through the numbers and help you either way.

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