My partner has currently invested 205k total out of pocket.
We currently have a non recourse refinance portfolio loan together that includes 9 properties, 1 is mine outright, the rest are shared. Half are C class units that are multi units with high turnover and problems. We bought 3 more solid SFH with the non recourse refi for 200K and zillow says they are worth 318K now. My cashflow is roughly about 32-35K per year for the properties and his about 29-32K as I have one more property (hard to gauge b/c of the turnovers and issues). Zillow says all of the properties are worth about 1.1 million.
We have discussed selling the 3 new SFH and splitting profits. Then he will buy me out of the remaining 9 for 160K. Selling the portfolio would cause about 100k in prepayment so they are off the table for 10 years. I would take most of that money to buy solid SFH, take about a 10K hit in cashflow for myself. But maybe a little less b/c the properties are more solid and easy to manage.
Or I could stay with him and continue to refi with our current houses and keep taking out larger portfolio loans. Or I could do the same on a smaller scale myself with more solid units and not have a partner to split with.
Any guidance helps.
