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I attain the Loan and the Deal, another person funds the Down
Hello BP Fam, I am rather new to investing, especially in the rental space. I have dome several Flips, but now moving to CF rentals.
Deal Details:
I have a deal that is $126K Purchase Price, I am approved for the Loan at 75% bringing 25% to close for down and closing costs which is around $38K. This will be a long term rental. Will not have high appreciate in the market.
I would like to bring in another person to fund the closing and down, but I do not know how to structure that or split the monthly cash flow.
How would you recommend structuring this? How would you split the monthly CF?