How to structure a new partnership
I appproached a guy I used to do alot of work for about financing flips, he came back with maybe buying alot of lower income rentals. I will do all the brush beating, analyzing, fixing and managing of the properties. I am not the most experienced in analyzing and managing but with BP am sure it can be figured out. My main contribution is knowing the area, contacts, and hustle. My company will do all the physical work to the property. He will provide 100% of the capital to get this idea afloat. We are wondering what the best way to structure this deal would be, if it is even a deal. I am not interested in making wages, end game is earning enough equity to own a piece of properties.