Updated about 8 years ago on . Most recent reply
Structuring a Partnership
An acquaintance and I have been in discussion for awhile now about partnering on some future buy & hold deals. I know there is a lot that goes into partnering with some one but my question is how people recommend we structure it. My contributions would are: I have my real estate license, I live in the area we would like to invest in so I would be managing the renovation, tenant placement, and property management. His contribution would almost purely be monetary but we both agree that I should have some of my own money invested as well. One idea would be for me to contribute 20% of the funds plus everything mentioned prior while he provides 80% but we split the profits 50/50 what are your thoughts and/or experiences? Thanks!