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Updated about 9 years ago on . Most recent reply
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Partnership operating agreements
I am partnering with 2 people on their first buy and hold property. I am a good bit more experienced in real estate, real estate investing, and construction than they are. I am partnering in an effort to 1) get their feet wet, 2) help teach/learn, 3) to make a small return. I found the deal and essentially am bringing the "found" equity to the table as my share and they are bringing the remaining cash.
I am looking for a strong operating agreement that will help layout the roles, responsibilities, profit sharing, exit strategy, how to handle expenses, and so on.
Does anyone already have an operating agreement that we could emulate and customize to fit our plan?
Thanks in advance.