Looking to hit the ground running in 2018!
I have been reading/studying/ listening to podcasts for a year now. I have some money tucked away in money markets and 401k (50-60k). I also have a family member that can easily become a partner. The plan is to start with a 3-4 unit property and aggressively move forward to having 40 to 50 units by the end of next year, all fourplexes or less, eventually including 3 or 4 flips per year along the way. I have searched unsuccessfully here for a good article on how to structure a partnership with the family investor that ends with me paying him back in full and retaining 100% ownership. I have resources for mortgage brokers and real estate agents. I plan to find deals that cash flow well and will appreciate over time. My questions:
-What is the fairest way to structure a partnership like this?
-Am I thinking too aggressively?
-Could I do this with just my own money?
Thank you!
JPerk
