Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on . Most recent reply

User Stats

2
Posts
0
Votes
Matt Cooper
  • Columbia, MD
0
Votes |
2
Posts

Newbie question regarding structuring with multiple partners

Matt Cooper
  • Columbia, MD
Posted

Good Morning!!!  This is my first post and I'd like to, first off, thank everyone for their contributions to the forums...I'm getting so much amazing information.  Second, I'd like to apologize if this is a repeat question, but I've been unable to find an answer to the exact situation I'm dealing with...but that may just be because I haven't dug far enough in the forums.

In the very near future, I will be doing my first deal/flip with a group of investors (5 of us in total).  We will all be contributing an equal amount of money to the purchase and rehab of the property; however, I will be the "boots on the ground" partner doing all of the rehab work myself and subbing out anything I can't/won't work on.  The other 4 investors don't want to take part in any of the day-to-day aspects of the deal (as they all have their own busy careers to deal with)...they are strictly in this to make money. 

My question is, is if all 5 of us are contributing equal amounts of money to the deal, should we all get an equal share of the profit (i.e. 20%), or since I will be doing the "work" should I get a larger percentage of the profit?  What have others done in this scenario?

Thank you in advance for any and all info you can give me.  It's much appreciated. 

Loading replies...