Need some advice , So me being a contractor and my friend who is a real estate investor have a mutual friend that wants to help invest 400k with payments of 3,200 a month on a HELOC . We have to structure the deal this week, so do you have any suggestions on how to split the payments and rental property income?
Real Estate Agent · Kansas City · Member since 2018 · 4k+ posts · 3k+ votes
6y
@Cristian Vargas
There are many variables. Will you be doing the work and he funds?
Are you using BRRR or going into a value add multi?
Has he or you invested in real estate before?
400K you can have a great start but you can also fall flat on your face. Many times you’d structure 50/50 but that depends on who’s doing what and what each of you bring to the deals.