walk me through the partnership process

[Maria D'Aura]

Among my friends and family I have several people interested in investing in real estate with me. Most just want to invest the $ and be hands off, which I would prefer. My question is.. now what? How is this partnership created and legally documented? It makes sense to me to do it before the property is found since I want the ability to move quickly. So what exactly are we creating with this partnership?

How do you decide what the return for investment will be or % of the profit for the amount invested? I know it can be anything you agree upon...but I'd like to see how others have done it from start to finish.

Can anyone walk me through your process and investor agreements for both flips and buy and holds? Would love to see your contracts too if you don't mind sharing.

Thanks!