Selling 50% of my investment

[Bryan Otto]

I'm meeting with a lawyer Wed so I should have my asnwer. But, there is always such good advice on this site. so i figured i throw out a question.

I have currently have 2 rental properties both doing pretty well. I bought them both with 25% down and took a loan for the rest. I'm now thininking about selling 50% of each to a partner. the deal would be structured like this. he pays me 50% of my cash in and assumes 50% loans. he gets 50% monthly cash and 50% equity. I maintain all decision making.

I feel i made really good purcahses on both of the properties so I'm so inclined to get give up 50% equity. however, getting 50% of my cash in could really help me get my next deal.

i know i haven't given you a lot to work with but any thoughts or comments would be awesome

Bryan

New investor from Northern VA