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Buying & Selling Real Estate

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Benjamin Voorhis
  • Irving, TX
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44
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Partnership setup?

Benjamin Voorhis
  • Irving, TX
Posted Jan 12 2016, 21:20

So I would love some advice from my BP community on this question.  My partner and I would love to start marketing and finding property to begin a flipping business.  My partner currently lives in Jordan, but has substantial capital and is willing to split the costs with me 50/50 for marketing and running the business, but also is going to fund 100% of the deals with his own money through my lender.  I would essentially be setting up the business, building connections, fielding calls, screening them, meeting clients, putting houses under contract and over seeing the renovation and sale of the property.  Given all this info, what would be a standard split of profits?  Im having trouble figuring out the split amount.  Thanks!

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