Down Payment Investing Partner

[Blake Yarbrough]

Hello,

A partner and I are going into a multi-family building together but need money for the 20% down payment. What is customary for this? Would that cash partner receive 50% and my other partner and I split the other 50%?

[Joseph Catalano]

@Blake Yarbrough why not have the individual loan you the down payment, secured by the property, at a rate that is more than he can make in the market or in a CD and calculate that amount into the total debt service.  Refinance in a couple of years pay him off and you ask him if he wants to fund the next down payment.