General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 4 years ago,
W.W.Y.D - What Would You Do? - Make this Investment Opp Work
Hi All!
/*background & request*/
I have a scenario between 2 people below (James & Tina) and I'd like to get advice/ideas from the group on how would you structure this agreement if you were James! Keep in mind both James & Tina really wants to make this work & Tina trust James to structure the agreement and not take advantage of her to where it's not fair for both parties.
For example) rent split %, who pays for repairs if needed, who get's to be on title, if/how proceeds from sale of property is split, anything else i'm not thinking of.
/*scenario*/
James - great credit; want's another investment property at 20% down but only as 10%; would like Tina as a tenant
Tina - really poor credit, can't get loan approval & can't afford market rate rents; but has to get out of current housing situation asap; has 10% down on investment properties James would want; would like to become a tenant of James's investment property. Not concerned about making money but would.
/*request again*/
What would you do if you were James?