Money Partner Wanted!

Just what exactly is a "money partner?"

Many real estate investors like myself use money partners to help them purchase, renovate, re-sell and profit on income-producing real estate. Typically these are set up as joint ventures between the money partner and the investor, where either the money partner or both provide the funds to purchase, fix-up and market the property. Both are listed on title as co-owners.

A typical investment strategy for the acquisition of a portfolio of cash flow rental properties might be to buy and hold for the next 5-7 years and then cash out. A 50%-50% joint venture will include the benefit of appreciation of value, pay down of mortgage, monthly cash flow, and tax benefits.


Typically, the more experienced investor will personally perform locating, negotiating, acquiring, and managing the properties, including setting up LLC agreements, ensuring both federal and state compliance, and preparing monthly financial statements for performance analysis (subject to partner's approval).


SEC and state regulations may apply to these kinds of equity partnerships, so be sure to obtain legal advice from your attorney to proceed.


Happy investing!

Credit Partner Wanted!

I am looking for an equity partner on a Vashon waterfront cottage, walking distance from the Vashon ferry, in King County. Here is the way a credit partner works:

 

 --You will pay no out-of-pocket expenses; I will cover all closing costs, monthly payments, taxes, insurance and repairs.

 

--We will both be listed on title, and as additional insured on insurance policy.

 

--You will receive 100% of the depreciation on the property.

 

--We will split 50% of the net proceeds upon sale of the property (do we want to set a cash-out time in the future? 10 years? if there is no sale, we can figure buy-out at current tax-assessed value).

 

--We will both have access to the property, subject to any existing leases. (I anticipate keeping the guest suite available for owenrs' use, until the property has been re-sold).

 

--I will handle all marketing, rental and sales transactions at no cost to you

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This kind of deal works particularly well for a high-income earner looking for more tax deductions. I could also purchase this property with a private lender, assuming I was successful in getting seller financing. If you are interested in exploring partnership opportunities on King County real estate, please contact me at HomeLandInvestment@gmail.com