Question about raising money and partnerships

[Chris Wyche]

Hey guys. So I'm looking to find a money partner to go in with me on a medium-large multifamily deal. My question is, what kind of profit split is reasonable to propose if someone else is funding the deal, but you find, analyze, and facilitate the deal, as well as manage the property manager?

[Mauricio Ramos]

Chris, 

Congrats on this deal. I would concur with Nick on the percentages. A 70/30 split seems reasonable. You might be able to get a little bit more as long as the IRR and the Anual Returns are still attractive for the passives.

Besides the asset management fee, you can also get an acquisition fee, but again, without killing your IRR and Returns.

What you are trying to do is called Deal Sponsor or Asset Manager. 

Good luck,

Mauricio