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Updated over 4 years ago,
1 party shows the money; the other brings the sweat equity
I am not an idea guy. I am much more productive taking other people ideas and refining them; hence the questions below in this post.
I want to help my son and his family get into their first house. Neither he or I want this to be charity or a hand out. We are open to any and all recommendations. I have the money to fund the deal & he is willing to invest his sweat equity. What are some creative ideas that you have done in the past and how did you set it up for a win-win situation? For example, do you split profits on a flip 50-50, 60-40, etc.? How would you set up a deal where he would live in the house while we are fixing it up? Once he moved on, how would you suggest splitting those monies? I know this is a wide open question but i hope you guys can give me some really creative ideas. What have you done in the past that worked for you?