Investing with my brother

[Alex Barber]

My brother and I want to start a real estate business. He wants to be a silent partner while I do all the Managment aspects of it.

What would be a good way to split the business? We wanted to split the profits 50/50 and divide up the closing costs separately, but aren’t sure what a good split would be??

Also what steps do we need to take before we purchase our first house? Do we need to create a partnership or form a LLC??

Thank you