Updated about 8 years ago on . Most recent reply
What should I offer my investor???
I’m looking to purchase an 8 unit apartment building. Purchase price is $250K . I have talked to a friend of mine and he is willing to put up $50k for the down payment. My question is, what should I offer him in return for his down payment. He doesn’t want to be involved at all with the property. I’ll be handling everything (maintenance , new tenants ..etc) Anyone have a similar scenario? I have the cash for down payment myself, however I can put that to use elsewhere , so I’d like to take his investment. Thoughts??