Last year my long-term girlfriend bought a owner occupied duplex that we've been renovating with the intent of using the equity to buy a second property.Unfortunately, our relationship has soured (but maintains a good friend/working relationship) and she wants to be bought out.Issues:-I'm not on the deed (yet)-I'm not on the mortgage (5yr balloon due in 4)-I have no significant cash for a down payment but good credit and income.Goal:-Pay off current mortgage-Repay her initial down payment-I assume/restructure to get the duplex and mortgage-Pull out any remaining equity for a 50/50 split.

Please PM me if you know some one or if you are interested...Thank in Advance BP rocks!

A broker I know wants to invest a little money into the deal but wants to split the profit.

Net profits are up to $250k that we split 50/50. 

A few years ago Hammond cracked down on "split" properties; where LLs took SFR's and converted them to duplexes/tris by making the basement or attic areas separate living spaces.

I'm restarting this thread to see if anyone could recommend GCs in the Little Rock area in Arkansas.

More like the house gets sold to one or two well to do families who split the mortgage and taxes on the property.Comparing property in NJ, especially northern NJ and Texas doesn't line up, they are on two different playing levels.

I'm also curious how it will affect the single-family rental dynamic in Waukesha, where the tenants pay the water bill directly.Any way you can do split metering on your multi-family?

I'm looking for a referral for a CPA in the Austin, Round Rock, or Georgetown. 

The interest only loan I can pay down any time, and also down the road I can buy out the partner.1775Gross Income821Gross - Expenses410.5 net income split with partner208 interest-only mortg payment202.5Cashflow178 10% Mgmt.380.5 CF + MgmtQuestions, what are your thoughts on interest-only loans?