All Forum Posts by: Bryan Otto

Thanks guys.

I'm meeting with a lawyer Wed so I should have my asnwer. But, there is always such good advice on this site. so i figured i throw out a question.

I have currently have 2 rental properties both doing pretty well. I bought them both with 25% down and took a loan for the rest. I'm now thininking about selling 50% of each to a partner. the deal would be structured like this. he pays me 50% of my cash in and assumes 50% loans. he gets 50% monthly cash and 50% equity. I maintain all decision making.

I feel i made really good purcahses on both of the properties so I'm so inclined to get give up 50% equity. however, getting 50% of my cash in could really help me get my next deal.

i know i haven't given you a lot to work with but any thoughts or comments would be awesome

Bryan

New investor from Northern VA

I want to move fast on a deal and can't wait for financing to come in. At 20% down i calculate a cap rate of 7.5% and cash on cash of 12%. I've have a 50/50 offer from a hard money lender. They would buy 1/2 property and i would buy 1/2. They would finance my half at 5% with 20% down. I like the idea but want to know if anyone has experience with this type of deal.

here are some of my concerns:

how would income taxes work?

what is the exit plan is one party wants to sell?

should we LLC?

thanks for any insight

hi Jeremy

I consider my self new to rei. Buy and hold is niche just did my first deal in nov13. Looking for the 2nd now.

Responding because I'm also in ffx county centreville to be exact.

Hi, I'm in the dc area. Own one buy and hold in NW Florida. Looking for my second NW Florida prop now.