Buy and Hold Partnership

[Jason Kim]

I am speaking to a friend about going into a real estate investing partnership in Baltimore. We want to focus on buy and hold properties and utilize the BRRR method if possible. I am a real estate agent with area knowledge but little capital and he is a small business owner with some capital but little knowledge. We would still need to rely on bank or private loans to fund our purchases/rehabs. Both of us are willing to be involved in the rehab process, but I would handle the property management and he would be the main source of capital.

Does it make sense for us to partner for this type of investment? If so, what would this type of partnership look like especially if it were to be a 50/50 split. 

Thanks for your input!