Private Money! What ways can you work it?

[Richard Villandry]

Hello BP,

After listening to the latest podcast about using private money to your advantage it got me thinking. If you were to go into business with a private money lender on buy and hold properties what are some of the different ways you can structure the partnership. For example if I were to control finding deals, property management etc. and all they did was put up the down payment and any reno cost would you just split all cash flow say 50/50? What is fair for both sides? Is anyone doing this know?

Any help would be greatly appreciated!