Updated over 9 years ago on . Most recent reply
Partnership question
I'm working through my first year as a buy and hold investor. Currently I have 3 sfr's and I have reached my debt to income ratio with my current lender. I have a private investor that wants to get involved, but wants a better return than 4 or 5% and a shorter term (5 to 10 years max). My thoughts are to have the investor buy the property in their name and then I'll manage the property and we'll split all expenses to maintain the property. My struggle is the exit strategy for the investor so I can eventually take over the property. Do I pay full price for the house at the end I the term? Or should I get some equity from doing the management of the property? Does anybody have any deal examples similar to this? Or thought, suggestions?