Updated almost 5 years ago on . Most recent reply
How do you think I should structure this partnership?
I'm about to dip my toe in to investing but banks don't like me since I'm a tipped employee. My best bud is in the car biz out of state and works 60 hours a week and makes 350k. He's down to invest but all he'd be bringing to the table is basically his w2 for getting financed. I'd be doing the rest. We'd probably be hiring contractors and property management so it's not like I'd be slaving away rehabbing it but I'd find the deal and put the initial cash investment in and he'd co-sign basically. What do you think is fair in this situation?