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Updated almost 10 years ago,
Should I give my investor equity or just straight ROI?
I currently own 18 units in Upstate NY and am running out of capital to invest in my next MF property. I've never used a partner before and am honestly a little hesitant. I like to have control and do not want to feel the pressure of having a partner. I don't mind the pressure on myself but bringing someone else into the risk is what is holding me back
I'm wondering if I should look for an equity partner or if just going hard money is the better way to go?
Also, what would a good split be if I am willing to manage it and split repair costs?
What ROI is decent for hard money?
Any suggestions would be greatly appreciated.
Thanks,
JS