What is a good return for an investor?
My partner is providing 50% of the down payment and signing with me. What is a good return for him?
I will be matching his 50% and we will also split the initial cost on the remodel. He will be totally hands off. I will remodel, manage, and refinance.
What terms should I approach him with to make the deal worth his time?
A few things I’m considering. Use his money to get the property up and running then buy him out. Keep him on and pay him a monthly percentage of profit.
If you were only providing cash what would you need to entice you to invest in a proven trusted friend who has a positive track record of rentals vs just investing in the stock market?