Funding Deals / Partner Expectations

[Robert Harvey]

Hi All,

First, thanks for the forum and tremendous expertise and support. I am doing a lot of reading and research here while working full time and while real estate investing seems like a daunting challenge I am looking forward to getting started. 

The question of the day is how to approach potential investment partners. I have a network and will be having those conversations but what the books don’t teach, and what I haven’t found here are specific terms. 

What is customary, what is expected, fair, etc. ? for example, if I partner with someone who brings a portion of the closing costs, and they want a portion of the equity, what should that look like. 

I appreciate many feedback. Feel free to add any other information you think needs to be considered along the partnership lines.