Funding & Management Partnership

[Dave Poeppelmeier]

Has anyone been involved in or know someone who has attempted this: A friend of mine is interested in my real estate buy and hold strategy and sees how we have grown over the past few years. We discussed forming an LLC where he could provide the 25% down payment for a commercial loan, and I would manage the properties, and we would split the profits.

If you did this, what was the % split between the financier and the manager? Thanks everyone!