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Partnership with investors and how to do it
Two of my friends approached me and want to invest with me in real estate. I told them we can do a small deal and see how it goes.
The problem I have is- how much does an individual put in and how is the profit distributed? Also how is the equity distributed once the property is sold.
My wife manages my properties, so she will manage this property as well. She prefers an equal partnership in the deal instead of the 10% management fee. (without putting money down)
Any advice and help would be appreciated.