Aquiring my first partnership
Hi Bigger Pockets. I am new investor with a background in HUD housing. I am currently the Housing Director Providence Place a PRAC 202. I have just completed real estate school and have scheduled my state exams for licensing. I have found a quadplex in olympia, WA that actually cash flows. I dont have the capital needed of $155,000 down,however my father in law is interested in investing with me so my question is how should I structure the deal and how do pay off my Father in law?
The quadplex is 4 units 2/1 with shared laundry seperating the units. Its listed at $765,000 and the current rents are 1595/ month + 110 for utilities. Tenants pay iwn electricity.
Any advise on structuring the deal is appreciated.
Thanks.
Katrina Newman