Updated almost 9 years ago on . Most recent reply
Model help for "unique" situation
Hi BP!
First post and looking forward to more.
Anyway, my Uncle is retiring and basically offered me a chance to partner up with him in an effort to make some money/create equity to buy a personal home in the Bay Area. The catch is that I would have to do the legwork. Once you understand the deal, you'll get it. Deal as it stands right this second:
- My uncle will front most of the down payment on the investment property.
- I have to contribute 5-15% of the DP
- per his "demands," I need to create a model that shows a refi in X years where his money can be pulled out and my wife and I assume the investment in its entirety. The model also has to show our new CF, CoC, etc. after the refi.
Where do I even start?
Thanks!