Multi partner/group investing and structuring

[Tomislav Glamuzina]

Hey Everyone,

Beginner question I have but just wondering what others have done in regards to structuring a deal between multiple partners wanting to invest in real estate.

So, I live In the Greater Vancouver Area, BC, and I am looking to invest in my next property. I wish to bring in some family and friends in order to help me get more of the down payment as well as hoping to get them interested in the process. They would not be doing any work on their end beside the fact of helping with the down payment. 

So, let's say the house is 1m for example. And the down payment required is 20%. If I am able to provide 100k and I get 3 other people to provide me with the remaining 33.3k each, how does this usually get split up if a deal/contract were to be made? 

Any experience in this field would be awesome. Literally have no idea how to structure something like this. Let us say they wish to stay invested for the long run and did not need their money back right away, how does it get split up?

Tom Glamuzina