First rental property with a partner

1 Reply

Hi All,

I have a cousin that's willing to put down 50K to purchase a rental property in the Long Island area of NY. We are looking in Suffolk county. He has the cash and I have basic real estate education but no experience nor much cash (for now). How do we purchase a rental property that works 50/50 for us both?   Thanks

@Darwin Verdugo if he has the cash and you have the experience, you are both bringing something of value to the table. Buy the property with his money and your expertise and legwork. If you're worth it, he will agree to give up 50% equity and hopefully you will bring him more deals in the future. Good luck.