Investor House Hack-Student Rentals
I am wondering how to structure the equity/ cash flow/returns on this deal: SFH 4 BR or 4 plex
I am providing all the upfront money (DP, rehab, etc costs)
My 'partner' is going to be living in the property in order to obtain an owner occupied loan at a loan DP.
The 'partner' will also be finding/managing the tenants
Simply, it would be a house hack for my partner except I am providing all the initial funding.
Initially I was going to offer free rent (if the partner shared a room), and 5% equity? Thoughts?!