All Forum Posts by: Avi Garg

Nicely done. Congrats

@J. Martin Awesome. Thanks

@J. Martin I replied to your email (organizer@sfbasummit) last week. Haven't heard back from you.

Thanks @Daniel Dietz ... I have properties OOS and I looked into WI as well ... I will give him a call and see what he can do if I buy in WI.

@Tony Xu Either one works for me. I have both.

@Daniel Dietz Would you mind sharing the lender name via PM

@P.J. Bremner I will PM you

A lawyer won't tell you what terms you should agree with the other party. Talk to your partners first and then talk to a lawyer to make the partnership agreement with the terms you both agree to.  There are so many ways this can be done and it completely depends on the 2 parties involved. 

For example: 70/30 split where the money member gets 70% and the managing member gets 30% for both equity and cash flow. The managing member also get a % to manage the property (this is in case managing member would not want to manage it anymore and this can vary). Repairs should come from the rental income and then split whatever is left over 70/30. In case rental income is not enough to cover the expenses, both members will put in the money based on the split (in this case 70/30).

All of the above can be modified to suit your individual needs ( say 70/30 split on equity but only 80/20 on rents etc).