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All Forum Posts by: Stephen Ellias

Stephen Ellias has started 1 posts and replied 1 times.

Post: Short Term Rental - How to partner

Stephen ElliasPosted
  • Real Estate Agent
  • Denver, CO
  • Posts 1
  • Votes 0

Hi Everyone!

We are thinking of purchasing a short-term rental and I was wondering what your thoughts were on a partnership situation. I would be buying the property with my wife's cousin. She is responsible for financing and we would be splitting the costs 50/50. I work a 1099 commission-only position and she has a W2 job which would enable us to take advantage of a vacation home loan with only 10% down.


What do you think maybe the best route where we could split the risk of the loan 50/50 but also expenses and profits? LLC, Joint Venture, etc...

Thanks!