Updated over 9 years ago on . Most recent reply
Joint venture with investors vs. bank loan for rental property
I have read about connecting with money partners via joint ventures as an alternative to borrowing money to buy rental property. Has anyone done this? Can you give any examples with actual figures?
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It's probably not as simple as this but , to me, if I can get traditional financing I would prefer to pay 4.5% for the money than 8%-10%-12% or more. I would also rather pay 4.5% than give an ownership portion away. That would be expensive money.
That being said, I have never done anything but traditional financing so I don't have the experience you may be looking for.