Updated about 9 years ago on .
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What Paperwork do i need for my new cash partner???
Ok, I'll break it down to this:
I have or found the property to be flipped
I'm a contractor so I will do the rehab
I will come up with all money needed for rehab
I will get hard cash money lender to finance project
My new partner puts the $$ for down payment of purchase
My partner pays monthly interest of loan.
Profit split 50/50
How does it work paperwork wise between me and partner??
when buying at escrow, property is under his name? and what and where should I sign with my partner, saying what's the roll of each one and responsibilities...
Any advise would help a lot, thanks in advance....