Partnering on rehabs

[Joshua Pope]

I'm completing my first rehab and was able to do so with private money. I offered 12%, I know that's higher then the norm but I found a home run deal and was somewhat desperate. Another investor approached me about partnering to do the next deals. My view of partnership is 50/50 but that wouldn't appeal to me. Can I structure a partnership so that I'm still just paying 10-12% of borrowed money?