Considering Silent Partner to Invest With on $500K+ MFH
My family currently has 2 trailer parks and working on another. Many sellers of parks and apartments in my area offer seller financing but I'm low on liquid cash to invest. I will start another LL C to keep it separate. I have a lot in equity in houses I'm about to sell but I won't receive it in time to get in on one or more $500K+ deals. I have a great bank too that judges the place on cash flow, which is proper for commercial lending. Many properties have been neglected in our area but they are simple to force equity gains. Mostly light remodels which we do ourselves. Anyone have tips/pointers or interested in teaming up? Split ownership or flat rate for about 10-15 yrs preferred. Nothing off the table if the deals are great or excellent and still available. We don'g prefer good deals, just premium ones that can be all hired out soon after we do our magic and still profit good.