How people structure a syndication

[Derek Perez]

I've recently pitched a property to my investor. He's someone I have a relationship with. Here's the situation. *First deal *using his credit *he finances the whole down payment What's your guys/girls experiences. How did you do it when you first started out? What would you ask for as experienced investors in a scenario like this? What are your best resources to consume on this subject?

[Todd Dexheimer]

Would you be both on the general partnership side? There is not much for detail in your post, so you could structure it a lot of ways. If you are both doing some of the day to day you could just be partners and split it 50/50 or 60/40 or however. Your attorney would set up a multi-member LLC with the member control agreement, etc. The other way is a full syndication, where you would want to get a securities attorney involved.

Good books: Gene Trowbridge - I's a whole new Business

There are several blog articles on BP about syndication. Just search that in the menu.