How have you structured partnership deals?

[Gabriel Jordan]

Hey BP,

I'm looking for some advise. To make a long story long,I have a biz partner for some non-REI related businesses that heard I was breaking into property investing and wants to partner on some deals. Admittedly, I have not closed my first deal yet (soon) & told him to let me get my feet wet first before we even think about it. I think this summer/fall would be the earliest I would feel comfortable doing that.

The question is, How would you advise to structure a deal like this? things to avoid?

He would be bringing all of the money (cash)

I would find the deals, manage the reno and manage the PM (buy and hold. likely cash-out refi then split asset)

Thanks!