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Updated about 7 years ago,
How would you structure this BRRRR partnership?
I'm interested in getting feedback on how you would suggest structuring the following BRRRR partnership:
Partner A: Brings 50% cash to purchase a deal and is hands-off
Partner B: Brings 50% cash, does all the legwork (i.e. finding the deal, etc.), does all the rehab him/herself, handles all the paperwork and manages the rental property. Essentially Partner B is building all of the sweat-equity into the property.
So the question is, after both parties have been paid back their initial capital investment, in your opinion how should the ownership of the property be structured on a percentile basis? Thanks in advance!