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Updated over 2 years ago on . Most recent reply

User Stats

19
Posts
10
Votes
Derek Adkins
  • Lender
  • Burleson, TX
10
Votes |
19
Posts

Equity Share Scenario With Property Manager

Derek Adkins
  • Lender
  • Burleson, TX
Posted

My property manager recently proposed a partnership between he and I on my current rent house. The proposal essentially was that I would allow him to assume 50% ownership of my property and in return I would assume 50% ownership of a like property in the same town that he owns. Since we would be 50/50 partners in both properties, he would not charge any management fees on either property. What am I missing? I would end up having the same amount of equity when it's all said and done, but i would expand my portfolio without any out of pocket expense to purchase a property. Any insight or opinions on this are greatly appreciated as I am on the fence on how to proceed. The property in this scenario is listed in my profile (green house).

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