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Private Lending & Conventional Mortgage Advice

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Blaine Kosek
  • Real Estate Agent
  • Chicago, IL
6
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30
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Silent money partner

Blaine Kosek
  • Real Estate Agent
  • Chicago, IL
Posted Nov 15 2019, 09:00

I have a potential opportunity with a partner who wants to just be the money side of the transaction and I will take on all the other responsibilities.

I have heard Brandon talk about this in some of the podcasts but I am wondering how the payout works.

If we buy and I rehab, and find renters and property manage - we split 50-50?

When we decide to sell or refinance is that also 50-50? Would the partner get the initial investment first and then 50-50 of the proceeds?

Just wondering how others have laid this out.

Thanks in advance

Blaine

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