All Forum Posts by: Robert Kemp

 @Jaycee Greene I see so at least until he’s paid back the down payment I’d get let’s say 25% and once he recoups that money we go 50/50? 

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@Jaycee Greene

I don’t plan on putting any % down right now at least. I appreciate any input!

I have a friend interested in partnering with me on a deal. I've invested in 2 properties 1 SFR & 1 Triplex. I currently manage them both and am experienced with the whole process along with finding deals and analyzing them. He has been saving his money for years and has plenty of money saved but no experience with real estate investing. I was thinking he supplies the down payment and acts as a silent partner. I am the boots on the ground, managing the property and doing everything in between. Then after that we split cash flow 50/50? How about repairs ? I want to structure this as concise as possible. Thank you in advance!

 @Brian Davis I'm interested in this as well. Did you end up doing this ? I'm curious to hear how it played out.

Thank you for the feedback! I have been consistent with my qualifications and use RentRedi to streamline it all. I didn’t know about turbotenant though. That’s definitely good to know since RentRedi does charge for listings. 

I appreciate your input. FB marketplace seems to be getting the most responses. 

I understand what you’re saying. So I’ll have to explain these qualifications ahead of time to avoid discrimination?

Hi all, 

My question is pretty simple. I have spoken to someone via FB about my rental and they answered my pre screening questions well. They seem like a good fit. The only thing I’m hesitant with is their monthly income being 2.7x the monthly rent (plus 5-10% annual bonus which brings it closer) been following the 3x the monthly income qualification. Although, are there exceptions to this? 

Thank you in advance!