Some options on partnership agreements

[Brian Wobbe]

I would like to here some partnership agreements from some BP veterans. Two people would like to purchase a rental house. One person will deal with tenets, renovations and maintenance. The other person will be bringing the money, and would help with renovations and maintenance. I would like to here from people on both sides of the coin. Issues like.... How is the income split. Who's name goes on the property. Who pays for taxes, insurance, maintenance. Exit clauses if someone wants out. Differences if the house is bought cash or financed. Anything else a newbie might need to consider. I'm getting ready to jump in. I just found this website and its packed full of insight and I'm sure I'm just scratching its potential. Thank you Brian