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Updated about 2 years ago,
Creating a situation that benefits both parties
Hello, I am looking to hopefully purchase and move into a multifamily home in the Buffalo area this spring/summer. I don't have the money myself to get started. Good news is my brother has come into a good amount of money the past few years investing in stocks/cryto/ etc. I want to see if he is maybe interested in getting a physical asset as well. My brother is definitely not interested in doing any of the work/rehab. I have some experience and would be able to do a good chunk of basic reno myself. I just don't know which would be the best way to present the idea to him with it benefiting the both of us. I dont think a full equity partnership would make sense as we dont have any intention on selling the house. I would think either a down payment equity partnership or using him as a private lender. I feel like the fact I would be living in it makes it harder to make it seem beneficial for him. Any help or pointers would be appreciated!