Rental Property Investor · Long Beach, CA · Member since 2015 · 623 posts · 155 votes
Hi all,
I have some questions regarding how to split an apartment with a partner. Are there any seasoned veterans or anybody with some knowledge of partnerships on apartment buildings that wouldn't mind talking to me privately via PM, email or even on the phone for a few minutes?
Rental Property Investor · Dallas, TX · Member since 2015 · 243 posts · 70 votes
10y
Jeb:
As a suggested starting point, offer 50/50 as a good will gesture that focuses more on the relationship, then restructure future deals with each party objectively defining what the respective financial and working contributions drive the deal.
It all comes down to who is contributing what - and how you each feel comfortable with splitting the deal. I too agree that starting at 50/50 might be a good start to the conversation...
Are there specific questions or concerns that you have?