Clarification on an aspect of partnerships

[Adam Amato]

So I was curious about a certain aspect of partnerships. Let's say I use a partner to finance the down payment and rehab of a certain property and in turn we will be splitting the cash flow. Am I locked into this partnership and only claim half of the cash flow this property produces or is there a way I can buy back their investment and claim all of the cash flow?

I'm not apposed to staying in a partnership, simply wondering how long a partnership can last and how I can exit one should the need ever arise.

Thank you

[Matt Devincenzo]

Originally posted by @Adam Amato:

@David Butler Thank you for the advice. That's cool that you're in the area, I have become a huge fan of Lake Geneva. How about length of partnership? Do investors repay their capital partners and then the partnership is dissolved or will you be tied to your partner for as long as you are involved with that property?

What have you and your partner discussed and agreed to? That's the answer to your question...if you haven't discussed and agreed to it, then you just found another thing you need to clarify within the partnership before you do business with one another. The answer to everything in a partnership is what did you both agree to...there isn't any set answer, everything is negotiable.