Good deal or not?! - Investment for the future

[Andrew Unruh]

Hey. I am new here and have a deal in front of me that I need your guy’s opinion to make a decision.

Without going into much detail here is what I got:

Triplex with current rent of $3000 in total (great condition, great neighborhood, higher quality rental)

Current value around $450-475k

I have the opportunity to buy it by investing 220k within the next 6 years (would not take a loan for it) and after 10 years the place would be mine - paid off.

For the 10years my partner (who would buy it in cash) would pay all expense and collect all the rent so there is nothing in it for me until 10years are up which is when I would take over.

What do you guys think?