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Updated over 5 years ago on . Most recent reply

User Stats

16
Posts
9
Votes
Warren Smith
  • Rental Property Investor
9
Votes |
16
Posts

Partnership agreement for new investor

Warren Smith
  • Rental Property Investor
Posted

I am investing out of state with a partner whereby he is finding deals in his local area, I am funding the deals. His background in investing is significantly greater than mine, and as such I an funding deals that he will do the ground work, management and most everything related to the projects. There is collaboration between us daily and all final funding decisions will go through me.

What kind of operating agreements are suitable for such an investing partnership such that we are both still maximally protected within our own states. 

Thanks!

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