Updated over 6 years ago on . Most recent reply
Financial partner for Buy and Hold
I found a duplex which seems to be a pretty good deal based off of the rough numbers, cost $125k with $428 in cash flow an 18.34 cash on cash ROI. Rent est $850 per side. Property is in good shape with both sides having been remolded within the last 3 years, just likely need a roof in the next few years. These ares just basic numbers and what I could gather from the listing and photos, as I have one big issue and that's the down payment of approx $38k.
So my question is, would this be something a partner with the money for the down payment be interested in? I have some I could put down and the % of the cash flow and equity could be modified as needed. So looking for thoughts.
PS house hacking isn't an option as its to far away from work for me to live there.
Most Popular Reply
@Zachary Zinn, I bought a triplex in Portsmouth, VA recently using the exact method you're discussing. It can be done! I had two partners come to the table with the full down payment and we split the cashflow and equity. It was a pretty good deal and I brought very little (relatively) money to the table. If you want to discuss more of the details, DM me.



