Looking for a passive investor/partner on a duplex.
I have put together a presentation for this investment deal:
https://docs.google.com/presentation/d/1TRWPx8NcZs6xjwAQx1_tLCJPoUg9KgWYfHB3XsVQXns/edit?usp=sharing
Details:
Property is off-market, asking $55k. In a C area of metro Atlanta. Property was built in 2005.
We are a full service investment and management team looking for a cash partner.
:::
We create an LLC split 50/50 between Management and Investor.
Investor invests full purchase price + closing costs.
Management pays for all taxes, insurance, repairs, including property management for the first 5 years of ownership.
Gross rent is split 50/50.
Currently rented today for $1200 total, below market, to another property manager. (This property manager has introduced the deal, so we are committed to this rental contract for 1 year. Plus = reliable rent, Minus = below market rent.)
After 5 years:
If there is a sale:
Investor is returned their investment first.
Management is returned their repair/improvement expenses.
The rest is split 50/50.
If both parties decide to keep the property. Expense split changes to 50/50.
From day 1 investor will earn ~12.5% per year on their investment.
PM me if you are interested or email me at [email protected]