Updated over 3 years ago on . Most recent reply
Partnering on a existing deal
Hello BP community! Is there a way to bring a partner into a deal I already own? I have heard about getting the house under contract and use OPM to buy it, but in this case I already bought the property and is cash flowing really good (enough to split it and still make sense) so my idea is to get my money out to move into the next deal and repeat. Similar to BRRRR but I don't have the equity to to cash out refi, reason why I'm willing to add a ''partner investor''.
If that is possible what is the name to the strategy ? and what are good numbers as far as COC , cap rate ect...