To Partner or Not To Partner
I am about to begin investing and have 1-3 other people who I am considering partnering with. My question is how could we form a beneficial partnership? The only way I can think of is to invest capital as ownership % and split profit that way. We could always advise and mentor each other etc but that doesn't warrant profit sharing. Then if I find a deal and the other person finds a deal how then do we split that up? If I put all the hard work you haven't earned an even split. A CPA mentioned having a partnered management company with separate property ownership companies. I plan on outsourcing most if not all services so I don't see how that would work either. In what way could 2-4 individuals form a REI investing ckmonay and give an equal amount of work in order to split profits evenly?