Oceanside, CA · Member since 2016 · 14 posts · 2 votes
I have a potential partnership opportunity with my in-laws and I am seeking ideas and advice on how to proceed with the partnership structure.
Market: North County San Diego.
I am looking to pick up a single family house that my in-laws would move into and “rent back” from my wife and I. . North Country has a large barrier of entry financially and as a result my in laws are willing to help initially with the down payment with the understanding that my wife and I would have plans and ability to pay back. My wife and I would be responsible for all maintenance and cap Ex.
Question: how should we proceed and under what partnership structure would be ideal to get a no money down deal where the main goal would be to not make cash flow off the tenants?
I have a potential partnership opportunity with my in-laws and I am seeking ideas and advice on how to proceed with the partnership structure.
Market: North County San Diego.
I am looking to pick up a single family house that my in-laws would move into and “rent back” from my wife and I. . North Country has a large barrier of entry financially and as a result my in laws are willing to help initially with the down payment with the understanding that my wife and I would have plans and ability to pay back. My wife and I would be responsible for all maintenance and cap Ex.
Question: how should we proceed and under what partnership structure would be ideal to get a no money down deal where the main goal would be to not make cash flow off the tenants?
Thanks in advance for any help.
Doug Meeuwsen
I'd check with a local CPA that invests in real estate. You are needing tax information along with legal information. The idea would work, but at what cost and what complications?
Thanks Mike for the reply. I understand there are tax and legal complications but I was looking to brainstorm potential structures that I could present as possibilities. It’s a unique situation however I feel there is leeway on both sides where a deal could achieve multiple objectives.