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Updated over 4 years ago on . Most recent reply

User Stats

5
Posts
5
Votes
Joey McKenna
  • Real Estate Agent
  • Charlotte, NC
5
Votes |
5
Posts

Private Money for Rental Properties

Joey McKenna
  • Real Estate Agent
  • Charlotte, NC
Posted

I have a couple who is looking to sell off their entire 32 unit portfolio. I want to offer on multiple properties, but don't have the cash personally. My cousin is willing to lend on the deal if I make it make sense to him. Outside of negotiations and getting a price that makes the deal make sense, how can I structure the deal? I want to use his funds for a 20% down payment and return his money as fast as possible. 

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