Hello Fellow BP'ers
I am looking to gain some info and possibly some results.
I found a property that was vacant for a bit of time and the owners decided to fix it up to sell. It was stripped all the way to the studs. I am currently waiting on a refi to free up some cash.
I reached out to some people in my local REIA group to look for partners to help purchase this property.
I'm blessed enough to have 2 people who are interested in in partnering (co-ownership) on the property. Splitting the cost 50/50 and the profits.
How would you guys structure this partnership before moving forward on this opportunity?
In terms of keeping both parties legally protected financially and legally?
Thank you in advance !!!