looking for advise on structuring a deal

[Michael Gorence]

Hello, I'm just begging to invest in real estate. I've researched via podcasts and BP recommended books and webinars. With my limited time and experience, I decided to attempt to network and partner up on a deal. As my contribution, I have a small amount of money I can bring to the table, and found a team out of state that has experience and boots on the ground to do the deal. My hope is to BRRR a deal out of state ( I live in California and the numbers don't seem to work here) and continue to utilize my same cash to obtain multiple cash flowing properties, over time, via the team out there. I trust and have faith in my friend and his team out there and I am looking for a win-win scenario.They have experience and a proven track record. I feel blessed they they are willing to do a deal with me. Does anyone have an idea of a win-win structuring of deal that I could use with this team that would make sense for both parties? I want the team there to have incentive to do these deals for me and also do well for myself and my future. I want to buy and hold these properties, and somehow share the profits to provide incentive for our win-win scenario. I'm looking for ideas on how to structure these deals to make it stupendous for all. Thank you for your thoughts

[John Fortes]

Often times I'm asked about partnering and structure... Here are some guidelines that can help.

4 parts of a deal to make a guideline on who gets what: 

1) who is bringing the funding 

2) who is doing the work 

3) who found the deal 

4) whose experience/network is being leveraged

Also, you can either each go in via capital contributed and give the founder of the deal a little bit more of a slice of the equity for the finders fee.