Doing a Deal with My Brother
Hi everyone my name is Sidro. 1st time on BP. I would like some advice on this. So my brother and I are partnering on a rental property, his contribution is his ability to qualify for a great loan (5%down 30yr fix @ 3.75). I will be funding all expenses ( aquisition, renovating) everything it takes to get a tenant in the house. My question is what is a fair split on ownership???? 65/35?. 60/40? Me having the greater percentage. I'm a newbie, 1st time partnering. Thank again my people.