structuring a partnership

[Gabriel Medina]

Hello all,

I have a question for the folks in partnerships. My partner and I are looking to put an offer in on a 5 unit. This will be both of our first deals in equity partnerships. A quick overview of the numbers are PP 450k, Rehab 250K, ARV 1MM, Cashflow 1K. The plan is to hold the property for at least 5 years. My partner will be providing all of the upfront capital for the first year with refinance to follow. I will be overseeing the renovations, Managing the GC, Hiring the PM company and creating a passive investment. We are trying to figure out what percentages of ownership each role is worth. I'd be very grateful for any insight.

Thank You