Sandusky, OH · Member since 2018 · 2 posts · 0 votes
Can someone recommend my best avenue for a potential buy out of a partner in a 50-50 partnership. Approximately 20 properties in the portfolio. No current debt. Buyout price would be around 33 to 40% of the portfolio value. MoRtgage payment to rent roll would be less than 25%. Ideally, would not like to inject any additional capital into the deal. Properties are in Northern Ohio.
Many thanks!
Sandusky, OH · Member since 2018 · 2 posts · 0 votes
8y
I would have the rest of the equity that isn’t used to buy him out. That would be my goal to use that equity and take out a first position loan on the portfolio.
Looking for avenues that would do this sort of a deal? Private lenders, hard money? Banks that don’t mind Ohio and a mixed use portfolio (sfh, duplexes, 4 units and mixed used commercial).