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Updated almost 6 years ago on . Most recent reply
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Fair Structure for finding properties for out of state friends
I'm in Delaware and have developed some actionable investment (buy and rent/hold) opportunies I am acting on with partners. When mentioning this to out of state friends, they want to get in on the action. My question is, what is a fair structure to propose for my efforts, ie its my idea, I have ID's properties and run analysis. I have a property management and maintenance solution to offer them as well so it is basically hands off for them which is why they are interested.
I don't want to be greedy so curious if other have done this or what they think is fair? IE a flat $1,000 per property and its all thiers, or maybe something like like a 5% bump in my equity share vs what I cash contribute? IE I kick in 10% for upfront costs, but am entitled to 15% of ongoing profits?
Thanks in advance!