Found Investor Partner, Now What?
Long story short, I was just casually talking to a work associate about my previous investing experiences and my future plans. Just nerding out after a meeting.
He unexpectedly offered to partner with me on a multi family deal ($1million+). I'm excited but not quite sure how to move for forward with the transaction.
He will be providing money only (likely we will purchase a property outright, no loan).
I'll put in a much smaller amount of money, but also find the property, negotiate price, manage the property management, manage any necessary upgrades, etc.
How do I evaluate/price my value to this sort of deal?