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Updated over 2 years ago, 06/13/2022
Partnership in the near future (roughly a year timeline possibly)
Hello all,
My name is Chris Williams, and I am new to real estate investing. I am 22 years old and haven't purchased my first real estate property just yet. With my current situation as a full time student athlete, I don't have the time to work a full-time job and my debt to income ratio is very lobsided with student loans. I understand that with real estate that it doesn't have to be a one person type thing. I am looking to do a partnership in the future.
Some basic terms of the partnership:
1. I take on the risk of the mortgage and the partner would cover the down payment and closing costs
2. We would split monthly cash flow 50/50
3. We would also split profit/loss 50/50 in the event that we sell the profit
4. I would find the property manager unless my partner has a good connection
I understand that with the price range that I am looking at being $165-200k the cash flow won't be crazy high more than likely, but this partnership would allow me to get my foot in the door.
Feel free to reach out to me via connect request and I would be thrilled to talk some specifics that aren't listed in this post.