All Forum Posts by: Adam Lang

Finding partners who have money to invest. I am a younger investor looking to invest but I don't have enough capital for a typical down payment and have been trying to find some people to partner with but a challenge to go through the process of searching for someone and then having a lengthy discussion to see if our goals align. Any help would be great. 

Have you analyzed and deals yet? That would be the first part and when you analyze enough you will easily recognize a good deal and then just pull the trigger to start. Or try partnering with someone. I am a younger investor who does not have a lot of money saved up so I am currently looking to partner with others who have the money to invest and great a win win for everyone. Passive income from rentals could definitely support you as you want to retire. 

The PMI could be a little higher. I just compared it to the PMI I am paying on my own house which was only purchased a few months ago.

@Lucas Duce My rent estimate is on the very conservative side. Rentometer says the average rent for a 2 bedroom 1 bath place is $736 so that would be $1472 a month in rent which is way above my number. I think this place is a little bit on the lower quality side so rent would be a little less but when I was looking at places to rent for less than $600 the only places I found were not as nice so I'm pretty confident I could get closer to $1200 a month in rent. 

@Anthony W. The two deals I was looking at probably wouldn't need a ton of rehab so I am not sure you could refinance all of the money out. I have a couple thousand I could invest but not a ton. Do you know of anyone interested in buy and hold real estate?

@Anthony W. I used the BP rental calculator and the numbers looked good to me. I can get approved for a conventional loan for 80% but just need help coming up with a down payment and closing costs. My main concern about having a partner is structuring the deal and an exit strategy. Any ideas?

Hi everyone, can anyone tell me the best way to structure a partner relationship? I have found a couple properties that would be decent buy and hold properties but I don't have enough money to cover the down payment and some minor repairs that may be needed. I am preferably looking for someone who has money to invest but I am not sure the best way to structure the deal so that it would be a win-win for both of us. Thanks for any advice. 

Does this look like a good property to invest in as a rental property. Property looks to be in decent shape so not much repair work is needed but current rents are below market value and need to be raised.

View report

*This link comes directly from our calculators, based on information input by the member who posted.

@Dustin Burt I agree 21k will not go to far if you are doing home renovations or large scale repairs. I was more thinking along the lines of rental properties that don't need much work. In some cheaper markets, that same 21k down could get him a few doors with 7% down on each if a lender is willing to do multiple loans like that. Or find a lender that will lend based on the after repair value and use the 21k to do a smaller flip. 

Look into see if you can get flood insurance and if you can how much it would cost and see if the numbers make sense. Otherwise do a google search and try and find out how often the area floods and determine if you are willing to take that risk or not. Is there any properties near by you could invest in that are not as likely to get flooded?