Help Structuring A Deal
Ok, as I begin my career in commercial real estate I find myself limited because of the limited money of "MY CASH" that I can put in a deal. I called around and one loan officer explained to me that one of my options would be for one of their hard money lenders to partner with me and take a 49% interest in the property.
My first question is how is this structured if I bring in a partner that takes 49% interest in the property, how will the numbers look when I cash him out after a year or two? If anyone could explain and give me an example using numbers I would greatly appreciate it. Also, as my next commercial deal will be my first, should I partner and have somebody there extremely knowledgeable about this field to hold my hand until I can fly solo, or should I just use this board to fly on my own from the beginning? Any information or adice is greatly appreciated. Thanks
[ Edited by ceebo44 on Date 10/02/2008 ]
you sil have to have $$ in the deal.
I recently spoke to someone that wanted my team to have 10% in.
on the distribution simply:
assume 50/50
buy for 100K total
1 yr later sell for 200K
cost to hold 0
100K in profit
you get 50K they get 50K.