Question about "syndication-like" investing in a BRRRR?

[Cindy Coker]

A group of us are looking at ponying up $50k each, or so, for a friend to buy, fix, flip a tired but rescuable As-Is house in a sweet spot. He's done 20+ of these, including working with a few of us on our own projects in between his own. 

Looking at each investor putting up cash, with an agreement that he pay back with interest when sold, in 12-18months. No question that that is doable, but what paperwork should be executed to establish good clarity for investors? 

It's kinda like a teeny syndication, or semi-hard money lending. Are there agreement templates you guys can recommend?

Thanks much,

Cindy Coker

Asheville NC

[Antoine Martel]

Create a Joint Venture agreement between everyone involved. You can get some templates online.

This is going to describe who is putting how much money into the project and then how much profit every person is going to get at the end of the day.