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Updated about 9 years ago, 11/04/2015

User Stats

34
Posts
0
Votes
Joseph F.
  • Multi-family Investor
  • Canandaigua, NY
0
Votes |
34
Posts

Buying using investor's money

Joseph F.
  • Multi-family Investor
  • Canandaigua, NY
Posted

I have several people interested in partnering with me to invest in RE.  I have owned rental properties, in one form or another for 20 years.  I have owned rental properties as a true form of building wealth, cash flow and a retirement now for 9 years.  I have had decent success.

Because of my success, I now have people interested in investing along side me.  They are willing to put up the money to purchase the properties subject to my recommendation and experience.  

The plan is for me to identify properties for us/them to purchase and have me manage them for the market rate management fee.

I however, would like to structure the deals in such a way that I have a percentage of the property without putting any of my own money into the purchase.

Does anyone have experience with this, please share.

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