Duplex Investing w/ Family

[Gabriel J.]

A family member wants to invest with me and let me borrow 50k. I was going to either use his money in two ways but wanted to know the best option. If there are other options let me know.

1st: Hard money- for the BRRRR method.

2nd. Down payment on Duplex($200k) and we split the net income.  Move-in ready and is rented. 

My only draw back is that my goal is financial freedom and setting up a way to build up a portfolio for retirement. I am in my late 20s with 2 kids. 

Is it worth it to split income if I am making next to nothing substantial in cash-flow? 

Or is it worth it to buy a property to BRRRR but would still be worth $60k ARV? Cash-flow would be moderate.

Any advice would help!

[Aaron Gordy]

Its really all in the numbers. In the Austin area, the duplex prices are more than 200k. In Austin, it will be tougher to cash flow initially but long term its there for the taking.