Updated about 10 years ago on . Most recent reply
Partners
Im curious to know of some partner strategies. My scenario is I have a few colleagues interested in investing their money in real estate with me, while I do all of the work involved (not property management, we have a company for that) but more of all the looking at properties, dealing with the banks, paperwork, lawyers and managing the property management company.
My thought is since there is 3-4 of us, that we all contribute an equal percent of the down payment needed on a property, but that I retain 10% more of the property for doing the work, i.e., if there's 3 of us, we all put in 1/3 down payment but I own 45% and they split the 55% remaining ownership (give up 5% each for not having to work)
What are your thoughts? Other strategies? I've done deals solo but not with partners.
Thanks!!
Most Popular Reply
@Karl Maritato - Partnerships are easy to form and can be a nightmare at times, however, it should not not be created by a yes or no answer in the forums. You have to really look at the relationships and a host of other things to see if they all align with your vision and interest.
Below, is a link to a recent post by @Christian Brodin that I thought was worth saving for reference. I hope you get some guidance from this post.