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Investing on a refinance
Hello all ,
I'm not sure if I posted in the right area. But I'm looking to invest. I have a partner that needs to refi their investments rental which they owe approx 90k. They are in a ARM loan which now they are in negative cash flow. They cannot refinance into a fix rate 15/30 yr because income is to low. If we can uptain a new loan under both of our names how should we split profits on:
Rental income?
Percentage when property is sold?
Or anything idea so we can both come out winning from this.
Or am I even entitled to anything?
You thoughts ?
Thank you