Potential Partnership Structure
So, I may have found myself a financial partner. Basically, he has all the money, and I have all the time.
He currently owns 18 properties and is a Doctor, with very little free time.
Basically, I proposed to him that we could start out with a small, cheap flip- where I would find the deal, off market or on market (I am a full time realtor) and I would manage the entire flip from beginning to end, then could list the property since I am a realtor too. We would be looking in the Philly market.
How would you recommend structuring this partnership?
