- Joined
- Aug 26, 2010
- Messages
- 380
What would be a fair JV split where a 20 unit building was bought but had a lot of value added in the first year of operations? Refinancing is not an option due to mortgage terms.
1.5 mill purchase price with 300 K down and subsequent rent increases taking the value to 1.9 mill. Mortgage just over 1.2 with CMHC premiums.
How much is reasonable to ask in return from a passive investor for a 50% stake?
1.5 mill purchase price with 300 K down and subsequent rent increases taking the value to 1.9 mill. Mortgage just over 1.2 with CMHC premiums.
How much is reasonable to ask in return from a passive investor for a 50% stake?