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Updated about 6 years ago,
Equity split with Mom as partner
Greetings BP!
I'm going to be forming an LLC with my investing partner (Hi, Mom!) to protect her assets. What I'd love some feedback on is an equitable equity split. We can both bring cash to the table, in roughly equal amounts (although she may have access to more cash in the future), however, I will be doing most, if not all of the legwork (managing the rehabs, finding and managing PMs, working with Agents, Attorneys, CPAs, etc, etc). I've heard Brandon Turner say he's done deals where he brings the hustle and they bring the money and they split 50/50. What might that mean for partners who are both bringing money? Does anyone else have examples of splits with a similar situation to mine? 60/40 (to me) in, 50/50 out? or Vice versa? etc. etc.
Thoughts? Thanks!