All Forum Posts by: Michael Faudoa

I am a new investor in real estate and I have a friend who is interested. I have great credit and work history, but no money. My buddy has no credit, but is able to put down 20% on a few deals that I have found. However, he is hesitant due to the fact that it is his money that's tied up. Is there a way that we can structure this so that we can purchase a rental and have it be a good investment for both of us? 

@Charlie MacPherson thank you so much! The info is great, and I will definitely be referencing that spreadsheet. Cant say enough how much I appreciate the help guys. 

@Carson Fox that was a great comment and very detailed, exactly what I was looking for! Thank you so much for the information. It helps me to see the process a bit more clear. 

@John Thedford so I would add or subtract value from the comparable property, NOT the property I am figuring the ARV for? Would I then just add all 3 of comp's values and divide by 3 to get the average?

@Skylar Simpson I think we would want to put my name on the property. As far as who assumes the loan, lets say they do. Could they seller finance me? 

Thanks for the reply! 

Mike

Dillon, I would love more info. Please send to [email protected]. 

Thanks!

Mike 

I am very interested in this property. Is it still available? If so, can you please send the details to [email protected], and include what expenses the owner is responsible for? Thank you so much @Dillon Eversole

Mike

Hi @Henry

@Henry Matthews

I am very interested in this property. Please send me an expense report and tax information when you can to [email protected]. 

Thanks so much and have a great day, 

Mike 

Hi @Lillie Hernandez 

Is this property still available? 

Is this property still on the market? If it is I would love more info sent to [email protected]. Thanks! 

Mike