Underwriting - Feedback Needed
I need direction in underwriting a syndication deal with some business colleagues that want to invest in my real estate company. I have been a part-time investor for the past 5 years in the Jacksonville market growing my portfolio leveraging tax deed single-family homes. During that time, I have been communicating the progress during my monthly Mastermind meetings and they push me to present an opportunity so they can partake in the real estate market. So this past week I presented my process and they loved it. And they offered me an initial investment amount and asked my terms, this is where I need your help. How should I structure the terms and what should it be?