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Updated almost 8 years ago on .
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Profit / Tax - Split between Financier and Deal Finder - Rental
Hey BP Forums,
I've heard a lot of info regarding how financiers and deal finders split profits, especially when it comes to the sale of a property, but I would love more clarity on how it's split when it's a rental.
Example - One person puts in all the cash, the other person finds and does the deal.
How do they generally split the cash flow coming from the property? Is it 50/50?
Also, how are they listed on the escrow docs in terms of % of ownership (as that affects the taxes at the end of the year)?
Thanks!