How to structure a buy hold with.....

[Brent Tatum]

Hello, I was wondering if i could get some advice on how to structure a buy and hold deal with a private money lender as an equity partner. So i have a deal under contract that we will potentially wholesale but if not we are going to rehab it and would like to plan to have multiple exit strategies. So i have a few people that would like to rent to own. The equity partner/money man is okay with renting it out. I am not sure how to structure this. What is a fair interest rate for him to get ect...??

[Tom Goans]

@Brent Tatum,

Please Seek Legal Professional Advice

Legally, legal advice can only be provided by a licensed attorney in the state where the property is located. You should only consider legal advice that is provided by an attorney you hire. Any other legal advice is ILLEGAL and may be very incorrect.

Seeking advice from an attorney in the area where the property is located can be a wise and very economical decision considering the alternative. An attorney will assure you are abiding by the federal and state laws. Every state has unique laws. The attorney will also provide the best advice and options for your specific needs with a consideration for your future. The results will be legally drawn up agreements for your use.

Moreover, every investment, partnership, and individual is unique. There is no one correct answer. But, there are numerous options that must be considered. Dissolution is one many forget. Every investment, partnership, and individual is unique. There is no one correct answer. But, there are numerous options that must be considered. Dissolution is one many forget. Death, incapacitation, spouses, and children are others.

And, yes, you will disagree on the smallest issues. The courts are full of such lawsuits.

Seeking advice from an attorney in the area where the property is located can be an extremely wise and very economical decision considering the alternative.

[Brent Tatum]

Thats is exactly what i will do. Thanks for the advice Tom!