How to calculate “sweat equity” in a partnership?
I have a business partner who is located in another state. We are just starting to work together, looking for properties to BRRRR in my area (WNY). We are planning on splitting all costs 50/50 for properties and renovations. However, I will be the one renovating the properties here. Do you have any recommendations on how we could fairly incorporate my sweat equity into the partnership?