How should I structure my partnership with a financing partner?

[Account Closed]

I’m interested in hearing ways people (that have executed partnership agreements) have structured deals with partners bringing the financing to a multi-family deal.

In my case, I have investors interested in partnering with me on off-market multi-family property I find that exhibits upside in appreciating areas in my market (Columbus, Ohio).

I typically only require the financing partner to bring the funds, and I am responsible for everything in between. I find the deals, stabilize the asset by offering project management (I have a full-time contracting crew) and handle the property management/leasing.

So if you were in my position, how would you structure it? What kind of terms would be a must for you? I want to ensure that any partnership I jump into is mutually beneficial, and I certainly don’t want to give up more than I ought to.

Would love to hear thoughts from those with experience in this area!

Thanks in advance!

[Danny Randazzo]

@Account Closed I wrote a blog post about my experience with JV deals from years ago. I think you'll find it to be a useful approach for thinking about partnering

https://www.biggerpockets.com/member-blogs/9413/73085-save-your-money-on-syndication-fees-jv-instead