Partnership compensation for acquisition and management
HI all!
My partner and I are lining up our first joint deal. He is providing 70% of the money and is leading the acquisition and management efforts as he already owns a few buildings. In addition, he is also showing me the ropes in the real estate investment world. We are using HomeUnion.com as our management company, and both of us have other jobs.
My questions is what are some models for compensating him to acknowledge effort in acquisition and management?