Real estate partner concern

[Aaron Mostoller]

Hi everyone!

Just wanted to run something by everyone to see what you all thinks..

my wife and I currently have 2 LTRs, we would like to continue growing our personal portfolio however it will be a tad slower for us based on funds.

We were approached by a good friend who has about 300K worth of cash (in our area the average nice rental goes for about 100K). He wants to do a partnership where he gives the cash for a DP and we find the house, Reno the house, manage tenants, etc .. he supplies cash, we do the work- at the end of the day we split the profit

Now the question/concern is how do you know what’s an even split for profit /equity ? I