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Updated about 5 years ago on . Most recent reply
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Partner on four unit apartment building
I've got a four unit apartment building that I would be open to partnering on. I've already rehabbed and rented the property out. Rents are $4,485 per month. I used credit card and personal loans to finance the rehab. Was wondering if someone would be interested in partnering on the property. I'm having trouble refinancing at a reasonable rate and would be open to partnering on the property. I'm not sure what that would look like. I've got over $200,000 in equity in the property and would like to pull the cash out. I cash flow $2,000 a month currently. I would manage the property as I have been. If anyone has a suggestion on how to structure a partnership or would be interested in partnering in a deal like this, feel free to weigh in. I need someone with good enough credit to do a cash out refi and get a good interest rate and low/no origination fees.