How do I partner with a first-time home buyer in Nashville?

How do I partner with a first-time home buyer in Nashville?

Athens, AL · Member since 2016 · 13 posts · 9 votes

Nashville is the Bigger Pockets 2017 Best Market for Real Estate Investors.  My friend works in downtown Nashville and has a steady salary, but hasn't been able to save the money for a down payment.  How do I structure a deal where I make the down payment, my friend makes the monthly payments, and we divide the appreciation fairly when the property sells.

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  • Real Estate Agent · Nashville, TN · Member since 2015 · 2k+ posts · 2k+ votes
    8y

    @Richard Locklair

    One idea is to form an agreement (partnership agreement). Set up the ownership percentage up front, what each is contributing and the roles of the partners. 

    From there, buy the property in the partnership. That's how i've always done it. 

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