All Forum Posts by: Peter Lower

Thank you @Curtis Bidwell!  I will read more into that option.

Thanks @Brian G. I'll begin scouting real estate CPA's in the Western Washington area as well as attorneys in the Eastern Iowa region.  I'd still be interested in hearing feedback on if anyone has found themselves in this sort of situation before and how they've split equity.  Shout out to @David Greene for all the great info via his book and the podcast.  I haven't listened to all the podcasts (yet!), so maybe there's a specific one that'll shed some light on different options.

Finally buying my first rental property (Iowa) and am working with a real estate agent to be the boots on the ground / prop manager / landlord as I live in another state (Washington). We want to partner vs me paying him hourly. I will do all the remote work I can (as I live in a diff state), provided all the financing and the mortgage is in my name. I plan to keep buying properties in this location and build up a portfolio of B/C properties w/ good cash flow.

What is a good partnership equity split?

Should we create a company together or create a new agreement for each house purchased (as funding may change, he wants to eventually chip in on the down payments).