$10k - $20K Partners for Cash Flowing Multi-Units
(My friends used to beat me in Monopoly when they ganged up on me and worked together to get all the good properties. I got to thinking about this today while pondering ways to take down some of these great, cash-flowing deals I've been writing options on here in Michigan.)
What I'm looking for is $10k - $20K partners to come in on these deals for 50% of the equity and 50% of the cash flow. I'll put up the rest and manage the properties.
A couple examples: a 7 unit, 100% rented, partner pays $20K gets $1000 /mo cash flow plus 50% equity as it builds.
A 15 unit, 100% rented, partner pays $20K, gets $1800/mo cash flow and 50% equity as it builds.
An 8 unit, 100% rented, partner pays $20K, gets $1000 per month cash flow plus 50% equity.
I have a bunch of them, can't take them all down myself. If interested, please write me at my regular email address (bigzoo) and let's talk about the possobility of doing some of these.
Thanks.
Tom