investment partner- how to structure agreement

[Jay C.]

I am looking to buy rental property with a partner willing toinvest. I have 7 investment properties now - all owned 100 pct by me.
What is a typical split between a seasoned investor and someone who is the armchair investor. What kimd of agreement do we need.

[Bill Gulley]

Question should be, what's the value of the participation of each. Some money guy who wants 50% of my deal and sit at home just writing a check has another reality. I don't need his money and therefore his contribution is only as valuable as a banker with a loan. OTH, if I didn't have spit and poor credit and somone was willing to stick their neck out, management of RE is about 10% and anything over that becomes questionable.

Who brings what to the table and what it's worth is a better way to look at it, not an arbitrary %. What about giving the money guy a gurantee return on the money, like loan interest, then what's the access to his money worth....10%? 20% 50%?

50/50 is common, probably because the partners can't agree on how to value their contribution, IMO. It may take both of you to do a deal, who contributes more? Just food for thought.....Good luck