I want to sell half of the equity in my rental home

[Douglas Gratz]

Hello,

so I own a duplex and want to bring in a partner. How do I value how much he should pay. 

Appraised 250k

Mortgage 160k

Net income each month $1000

how much should he pay to be 50/50 partners ? And how do you get the #

[Kenny Smith]

@Douglas Gratz

To better understand the situation, Is there any specific reason you'd like to do that?

If it was me, I'd have him pay half of your closing costs, cap ex/maintenance, and current equity gain since you've bought the property.  Anything that has come out of your pocket, in my opinion, is only fair to have them compensate.  You took all of the risk when you bought the place, therefore, you need to be compensated on what looks like a great deal on paper.  They are walking into a cash flowing property with little to zero work or risk on their part up front.

Best of luck!