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Updated over 9 years ago,
investor partner investment recoup on a rental
I'm curious how an investor/partner would recoup his investment if the property ends up becoming a rental (since it doesn't seem to be selling). The funding came from an investor and I managed the rework/upgrades. We agreed to a 60-40 spilt of flip profits in my favor. The house isn't selling and we are considering renting it. Even if I got a mortgage at 70% LTV, he still wouldn't be made whole. How does an investor on a rental ever get his money back, plus profit?