Investing with Family member

[Konrad Lightner]

My mother-in-law wants to help us with half of the down payment for our first investment property.  We want this to make sense and be profitable / fair for everyone.

She is 65 and one concern is that it would take about 10 years to get her money back, if we gave her half of the cash flow back each month.  

We also have goals of growing our business and with additional properties as fast as we can.

We are looking for some partnership solutions.  Please send out your suggestions!

Konrad

[Curtis Bidwell]

You will need to decide if she is going to actually be an equity investor or merely a lender who receives interest on her investment. I have an arrangement with my mother-in-law where we basically created an annuity where she gets paid a monthly check based on an agreed on percentage. She gets a good return and I get $ to make the deal work! Win-win!