Partnerships
Hi,
I currently own two investment properties in the Bay Area. I would like to sell one, which I own outright, and use the cash for down-payments on several more investment properties. I have an 800+ credit score, but limited income. I've been talking with folks about the prospect of partnering up -- I put in the down-payment money (or most of it) -- and they help me/us qualify for the mortgages necessary to purchase the additional investment properties.
However I'm unsure how to structure the partnership, in terms of splitting cash flow / appreciation / etc. Thoughts appreciated!
D