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Real Estate Deal Analysis & Advice

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Norbin Cruz
Pro Member
  • Wappingers Falls, NY
4
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15
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Making a fair deal!

Norbin Cruz
Pro Member
  • Wappingers Falls, NY
Posted Oct 26 2016, 15:53

Hi fellas,

I have an investor (family member) willing to jump in a venture with me. I'm at the stage of talking to the bank in the next coming weeks for a pre-approval. Ideally, think I posted this here, I would like a single family or duplex to buy and hold. The investor just want to give a financial help for me to accomplish my goal but does expect earnings in return. This is were I am stuck (new in the game) how can I make a fair deal for someone that doesn't want to be a property owner or managing the property (guess this is a good thing as I will have full ownership) but wants to make cash for their investment.   

If it helps, I'm thinking of purchasing something around the 150-200k and with a 20% down (half split).

Thanks all in advance and please ask to clarify if I am not making sense.

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