How do I structure a partnership?
Hello all, I have a basic question about partnerships.
I have grown my knowledge on real estate enough to the point that I feel ready to make a deal. However, I have no money. My friend has no knowledge in real estate but loves and trusts what I’m trying to make happen. He has enough for a 25% down payment on a lot of properties that we are looking at. We are just completely unsure how to structure a deal where we both benefit. He doesn’t have enough to purchase the property outright, only enough for a 25% down payment. How can we combine forces and use my knowledge with his cash??