Out-of-State investor needs a local partner 50/50

Miami, Florida
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Out-of-State investor needs a local partner 50/50

Dan Ikon
Rental Property Investor · Member since 2025 · 85 posts · 36 votes

I have an out-of-state client who is for STR property in Miami-Dade, Broward, or Palm Beach. He is looking for a local partnering investor for 50/50 ownership. OOS gets a cash flow, while a local gets STR loophoole benefits. Did anyone have such a deal? How did it work out?

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  • Mike GrudzienPro Member
    Lender · Eugene, OR · Member since 2019 · 2k+ posts · 1k+ votes
    7mo

    I'm interested in the answers to this one!

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  • Andrew SteffensBusiness Member
    Tampa, FL · Member since 2022 · 4k+ posts · 3k+ votes
    7mo

    This is a little vague - who is responsible for operations, etc?

    [email protected]813-563-0877
    Vacation Rentals of Florida53 Reviews
    WebsiteView Page
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    • Dan Ikon
      OP
      Rental Property Investor · Member since 2025 · 85 posts · 36 votes
      7mo
      Quote from @Andrew Steffens:

      This is a little vague - who is responsible for operations, etc?


      A local partner will manage the property and get STR loophole eligibility. He also gets a credit for operations that an OOS partner is willing to negotiate.
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    • Andrew SteffensBusiness Member
      Tampa, FL · Member since 2022 · 4k+ posts · 3k+ votes
      7mo
      Quote from @Dan Ikon:
      Quote from @Andrew Steffens:

      This is a little vague - who is responsible for operations, etc?


      A local partner will manage the property and get STR loophole eligibility. He also gets a credit for operations that an OOS partner is willing to negotiate.

       Interesting - and what about future equity? Who makes decisions on cap ex / op ex etc?

      [email protected]813-563-0877
      Vacation Rentals of Florida53 Reviews
      WebsiteView Page
      0Reply
  • Dan Ikon
    OP
    Rental Property Investor · Member since 2025 · 85 posts · 36 votes
    7mo

    They got quite a comprehensive Operating Agreement. Equity is split 50/50. The local partner gets cap/ex op/ex decisions

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