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Updated over 16 years ago on .

User Stats

8
Posts
0
Votes
Kevin Echtinaw
  • Residential Real Estate Agent
  • Alto, MI
0
Votes |
8
Posts

How would you structure this?

Kevin Echtinaw
  • Residential Real Estate Agent
  • Alto, MI
Posted

I'm looking for suggestions on how to structure this oppertunity. Any thoughts or ideas are greatly appreciated.

We're fairly new to investing and have maxed out our ability to finance SFH rentals using our own money. Our lawyer has helped us through this process so he knows our abilities and he has expressed some interest in being part of it. So our thoughts are this: Let him supply the down payment money and we will do our business as usual, that being find the properties, do the leg work etc, etc. My question is this: What would be a fair way to structure this deal. If we offered 10% for 5 yrs. would that be a fair deal? Are there any other things we should consider other than just interest on money used? Open to any and all suggestions.

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