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Updated about 5 years ago,
Partnership with $$ history
Greetings all. I’m a licensed agent in East central Florida as well as a HS teacher. Wanting to transition to investing full time. Was approached by a friend of over 30 years to partner on some properties. Very close friend...but HS a history of money issues (both personally and professionally). I’ve prepared a rather detailed operating agreement that outlines expectations for everyone. I’m having some reservations moving forward because of what I know of his money issues.
Thoughts?