Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated about 9 years ago on .
Partnership Structure
Hi,
New to BP. Multi-family owner starting first flip project.
My question is on the structuring of my partnership.
I am related to my partner and he is also a Realtor?
How should the commission he makes be handled?
Should the commission be put back in the house and for the budget of the project or should he be entitled to his commission?
Second he wants to come up with a rate that if we personally do any work aside from what the workers are doing that we should be paid for our time. Agree/Disagree?