Silent money partner
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