If he is not making 10's of thousands of dollars any given week, he would never be satisfied.I have discussed the possibilities of a partnership with him and what he would get out of the partnership.  

The seller is ready to do 10% seller carry and I can probably do 3 to 4% down with some partner equity with new financing.I would like to work only with someone who has experience with hotels/motels specifically as I have heard lenders are very picky when it comes to lending for hotel/motel and require experience from the borrower/partnership to even look at a deal.Here is what I know about the property - Asking price - $575k10% seller carry behind new financing.Total of 16 rooms + 3 bedroom owner's/employee quartersThe property went through a lot of renovation in 20132014 room revenue - $182,250Expenses and COGS - $83,979NOI - $98,271Cap rate of about 17% with an absentee owner businessIndependent motel and does not have third-party/franchise agreementseligible for USDA financing but as I mentioned before the new borrower has to have experience with hotel/motels.Thanks

If you get to the point where you know how to analyze deals in your market, and you're already networked with a few investors, it is actually alot easier than you might think to develop equity partnerships with them. 

My plan is different since it involves commercial real estate properties instead of small MF, although i am essentially using the same strategy except with less frequent purchases and only buying 2 - 3 properties over time and with small partnerships.  

I would like to keep investing here in NJ in real estate as opportunities allow and I build up my partnerships. 

Mybrother and I recently came into some money and wanted to begin investing in real estate. One of my initial concerns is that my brother is not as trustworthy as id like but he does have a lot of money, which is why ...

I was sued personally . propertys are in partnership llc.

Not clearly defining those items tends to be the downfall of most partnerships.

Our equity position in our free and clear properties is 100%, except the one house and one duplex that we own in partnership family members, in which we own a third.In the beginning my husband favored leveraging and I favored all cash.

I believe this Real Estate Investment business is a one person show until due time when partnership is warranted.