Most real estate partnerships don’t work out—and Todd Toback breaks down why. In this episode, you’ll learn why partnering with friends is usually a bad idea, why it’s almost impossible to “fire” a partner, and smarter alternatives that will help you grow your business without the headaches.

Todd explains how partnerships often destroy friendships, why hiring beats partnering, when a power partner or capital partner actually makes sense, and the right way to collaborate with real estate agents. If you’ve ever thought about teaming up in real estate, this episode could save you from costly mistakes.

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Show notes:

(0:58) Beginning of today’s episode
(1:11) Why partnering is not idea
(2:57) If you want to stay friends don’t partner!
(5:21) You can’t just fire a partner
(5:48) If you hire somebody they outperform your partner
(6:24) Hire your friend as an employee not a partner
(7:07) Power partners
(8:48) Get a capital partner
(8:59) Partnering with real estate agents

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Resources:

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WIP 1821: Why 90% of Real Estate Partnerships Fail (And What to Do Instead)

Wholesaling Inc with Brent Daniels

WIP 1821: Why 90% of Real Estate Partnerships Fail (And What to Do Instead)