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Updated about 7 years ago,
Structuring partnership deal
Hello! I am an aspiring investor. I am a dentist in NJ and am looking to invest in real estate as a way to build wealth. I’m full in the education process right now, reading more books than I have since I was in dental school!
I have an office manager who’s husband is a contractor, does very nice work. She was talking to me one day about how they would love to buy and flip properties, but they don’t have the cash to do it. I couldn’t help but think how if we could form a partnership, where my responsibility would be to secure the financing and he would be the contractor on the flip.
If I was to pursue something like this, how would you suggest structuring the partnership?