Offering to sell cash flow
Hey guys!
So I recently finished rehabbing my home. I was planning on flipping it but I decided I wanted to try to do Airbnb instead and it’s been a great success so far! This is the second month in a row we’ve gotten $4,000 and our monthly expenses is less than $2,500 a month. So we’re making around roughly $1,500 a month in cash flow. I wanted to know if it would be possible to make a deal with someone in my network possibly outside of it to have them invest with us and they get $750 a month of that cash flow for $75,000 for a guaranteed 10% return whether we make $3,000 that month or $7,000 their $750 would remain the same. I want to keep it strictly cash flow though I feel it would get too complicated if I gave them all the tax benefits of the property as well. I’m still relatively new to real estate so I don’t want to overwhelm myself with legal/tax stuff I’m not too familiar with. I was wondering is this possible and if anyone has any advice to give me about this that they could share.
Thanks in advance!
Felix Perez