Updated almost 6 years ago on . Most recent reply
Need opinions- offering 50% for investing 25% of cost
Hello so I am a new investor. I am currently doing a lot of research and have been for months. I am currently putting a plan together and getting into it with little to no money. My uncle who is an investor and well off may be part of this and I plan of offering him this deal if it makes sense but need to know if it would sound good to him first. THANKS!
So I plan on showing him everything in the sit down but basically asking him to put down 25% down cash on a trailer park and covering all closing cost and then the other 75% will be on a 20 year loan that I will pay. We will be 50/50 patterns and after everything is split down the middle net I will pay the mortgage each month of course. It makes sense to me as I will still be making money each month and I can start building capital without needing to put a lot down and he basically get 50% of the park for paying 25% up front.
Thoughts?