Partnerships and joint ventures

[Reggie Maggard]

I’m looking to do partnerships in which I have control and give returns to investors. But my real estate strategy is to use it in the buy and hold space.

So here is what I’m thinking...if I buy a fourplex for 250k, the dp is about 67-70k...if I get an investor to give me that money, through an llc or whatever, how can I structure the deal?

I’m thinking like 8.5% interest only until I have enough equity and room to pull out that 70k and payoff investor. But that might take 8 years, so who is going to want to do that?

Is it best just to use my own money and go slower?