How to structure a partnership deal?
Short and sweet...
Just connected with a local investor and looking to partner on a deal. I have a HELOC (cash) ready to go. He will probably get a loan. Going in 50/50 on the purchase and rehab. Strategy is BRRRR. We’d both purchase through our LLC 50% each.
Thinking use a joint account between us to collect rents and hold funds for repairs and cap ex funds etc
Any thoughts on how to structure?