All Forum Posts by: Pierre Pine

I am glad to hear of the positive reviews for the Marshall Reddick network.  I am also in talks with them (Daniel Ochnik) about purchasing a property through their network.  Have any of you that have had experience with their network have any knowledge or experience with the lender they recommend, which is CMG Financial, specifically a guy named Reed Hazard?  Any feedback on this lender and any more feedback on the MR network would be appreciated.  Thank you.

Derek, I appreciate the response.  The property is likely to be an out-of state property that will be managed by a property manager.  Although prior to that time, most of the responsibility for finding and vetting the investment property will fall more on myself and the other lesser money partner, but I am not sure if that alone is enough to make up for the money disparity, given that once we have the property most of the day to day activities will be dealt with by a property manager.

I have two friends who would like to partner up on a multi-unit property.  One has much more capital to put in for a down payment than myself and the other friend, and he is not opposed to utilizing his greater capital to get us into a larger property.  For example, he would be willing to put in half of the down payment, if we are trying to get a property where the other partner and I could only afford to put in a quarter of the down payment.  However, we would all still like to have an equal split of profits and costs after the purchase.  So I am looking for suggestions on a fair way to structure such a partnership, or is the only way to do it, to have him get 50% of the profits, while me and the other guy get 25% each?  Thanks for any suggestions.