best way to structure partnership when 50/50 DP but 1 does PM
Hi BP Community,
Looking for some sage advice on how to best structure a partnership for a deal I am working on right now. Have been looking for answers to this question in the forum, but nothing quite fits.
I am partnering with one other party. We are both putting in 50% of the cash for the down payment. I am doing all of the project management, though - so I am looking for some advice about how to best structure how much each one of us gets given the amount of time and effort.
Also, in terms of the rehab funds - I thought we should each contribute to an account that is dedicated to the rehab of the house (or get a HML, if possible) and just draw down that account for the rehab and holding costs.
Thank you in advance for any and all suggestions.