Arrangement on Potential Investing Partnership
Hello everyone,
Outside of my current investment-team in PHX & DAL, I have suddenly come-across an opportunity to find & oversee flip/hold deals in a separate city that I reside in for part of the year. Because my our team is currently investing in diff markets - these deals will be 100% funded by an outside investor. The numbers on each deal will need approval by the investor but otherwise most work will be done by me and a friend/investing partner.
Has anyone had success in a similar situation? What's an appropriate agreement regarding portion of the revenue distribution?
Thanks for any/all feedback.
Charley