All Forum Posts by: Philip Kickert

I am new to investing and my wife and I were getting ready to buy our first investment this year. Unfortunately I lost my job last mont before we could get started. Plans had to change but I am still pursuing investments while trying to get creative with funding. I have a relative in a different state that wants to invest in my area and I brought up going in together and he is on board with this idea. So long story to get here but what kind of split is normal? I do not have the capital right now to do a down payment with no steady income coming in so I will need his money for down payment. I was thinking of covering closing costs and I would manage the properties but being new I don't know what kind of split would be normal in a situation like this. Any help from others that have done deals like this would be greatly appreciated. Thanks in advance.