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Updated over 4 years ago,
Partner/STR in Summit County, CO
Hello friends! We have a STR in Gatlinburg, TN that is killing it but we'd love to have our next one in Colorado, preferably Summit County. We LOVE Summit Sky Ranch but the entry price point is $1.1m. We're considering having a partner join us in the investment. A few questions:
1) How do you typically structure partnerships on a STR property? Do both parties bring their own loan? Are both names on the mortgage/deed/etc.?
2) Can anyone recommend an agent in Summit County that specializes in STRs/Investment properties?
3) Would love any general advice on the area/properies/STR's.
Thanks, all!