All Forum Posts by: Matt Fisher

Hi All,

I have a friend who has presented me with an opportunity to buy a property at a pretty good price and I would like to include him in ownership, but don't know the best or fair way to do so.  I can buy the property for around $220,000 and probably sell for around $290,000 after some pretty cosmetic renovations.  Please note, I don't plan on flipping the property, but hold for a rental. I could pay him for bringing the deal, but would like to include him in a more significant way.  Any advice on how to structure where it would be 50/50.  He lives in the market and could manage the property for us and help with renovations.  He is a good friend and I would like him to benefit from the good deal as well despite not having the cash to do it himself.  I have the money and he has the deal.  

Thanks,

Matt

Hello!

First post here.  I'm looking for advice on how to approach a deal/partnership with a close friend.  I'm going to use pretty rough numbers, but should get the point across.  I have a close friend who has a good deal available to him, but not in the financial position to make a move.  He has a property that he can purchase for around $240K, but could probably turn around and sell as is for $300K.  However, we would probably want to hold on to it as a rental property.  I am able to handle the financing side of this and he would be bringing a good deal.  He also lives in the same city as the property and could manage it.  Any advice is appreciated.  Please note, I am VERY new to real estate investing having only bought my first property in December of 2020. 

Thanks,

Matt Fisher