How Do I Find A Real Estate Investment “Silent” Partner?
I have had great success investing in houses in the Atlanta, GA market. The last two houses I purchased, I bought for less than 50% of their appraised value. I have always gotten a 75% mortgage after doing minor repairs which has given me cash at closing and still have a 25% equity stake in the rental property. However, lenders are now limiting the number of rental properties one person can borrow against to only 4 properties. Since I already have more than four, I need a partner who is interested in getting the mortgage in their name. I would do all the work (finding the house, fixing it up, and getting a renter) and give up 25% of the profits. How can I find people who might be interested in this type of investment partnership? Are there investment inquiry sites on the internet?
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Feb 28th 2010 • 17:02
by what?
why would anyone just trust you with their money?
plus, this seems like a scam to me.
you don’t have any friends or family who like you enough to do you a favor?