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Updated about 2 years ago,
What does a proper partnership arrangment look like?
I am a Realtor, Contractor, LTR/STR Investor and Property Manager. I get asked all the time by friends and family to "go in a property together" but I can't seem to find a scenario where that makes sense to me. I know i'll end up doing everything (find, buy, fix up, and manage) so a 50/50 arrangement just doesn't seem fair. I don't want either side to grow resentfull. The only reason why I would partner with someone is to free me up to purchase more properties (both financially and debt to income)...but if I'm still coming in with half the expenses and doing all the work, it doesn't really make sense.
Any suggestions?