What profit split %?
I'm looking for advice as I structure a new real estate investment business entity. Specifically, how I should approach % of ownership?
My partner is a GC, who is going to take on all everything related to assessment and construction on the property. I'll take on finding the properties, securing financing, and property management of rentals.
All of our initial financing is coming from me, and his feeling is given my investment that I should have a larger portion of ownership than he does. I see his point, but I do want to be fair to him given his investment in time, expertise and connections. Although the initial nut is mine, going forward we'll both be putting in plenty of effort into growing this business and making it successful.
He's leaving the decision up to me, and I want to make sure I make one that our future selves will have no regrets about. My gut says 50/50, but I need a gut check on this!