funding airbnb properties with OTM?

[Spencer Gibson]

Has anyone successfully bought multiple Airbnb-style properties using other people's money to include the down payment? If so, what was your strategy? Was it one investor or multiple? What does your return split look like etc...? Any information would be helpful. Thanks

[Curtis Eickenloff]

@Ryan Moyer I am currently the money partner on 5 deals just like this.  To make it work the deal has to be very good and there needs to be a lot of confidence and trust in the people you are partnering with.  In the deals I am partnering on, I provided 100% of the funds to purchase the property.  The partners find the deal and do all the work to manage the properties.  We split profits, loses (if any) and equity 50/50.