Updated over 3 years ago on . Most recent reply
Splitting profits of sale
Hi everyone!! Buying our first investment property. My son is buying the property in his name and using his money to pay closing costs and down payment. My fiancé and I found the property, negotiated the contract, and wrote all the contracts. When we go to sell the property how should we split the profits? My fiancé thinks it should be 1/3 1/3 1/3 and I think it should be son-50% and us 50%. Which way would you guys recommend?