Evaluating deals with investor
Hello all, I’m fairly new to real estate investing, but I’m looking at buying some properties with a partner. I currently have a partner who can invest, but am having difficulty finding deals. The way I’m structuring our agreement is that he will get an 8% preferred return paid quarterly. Once the preferred return and expenses (including reserves) are paid I would get the remainder what. I’m finding is that most if not all of the deals end up with me owing money once all is said and done. Is something wrong with my structure, am I being to conservative, or is it that I’m just not finding a good enough deal at this point.