Forming partnerships allows investors to overcome capital constraints and scale their portfolios when they can no longer fund down payments alone.

“Well, my goal was 50 units with most of them being owned in 50/50 partnerships because after I did my first three deals alone, I was tapped out for down payments and that's when I pivoted into buying in partnerships.”

The most effective business partnerships are structured with shared incentives, such as percentage rent agreements, which align the interests of the business owner and the property provider.

“The best partnerships are where when you're on the same page and you have shared incentives. So for example, the national gym chain we work with, it's a percentage rent. And the better we do, the better they do.”