Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago,

User Stats

16
Posts
0
Votes
Harsh Singh
  • Houston, TX
0
Votes |
16
Posts

Need help developing a partnership agreement

Harsh Singh
  • Houston, TX
Posted

Hello,

I have diligently been working for the past few months on identifying a multi-family investment in Houston and I have finally found a good deal. I've been working informally with a financial partner who is also interested in this deal.

I was hoping to get advice from the community on how I need to establish the partnership agreement. 

The property is a 6-plex and it will cash flow $29,207 per year, with a $117,453 back-end payment upon refinance or sale at the end of year 5. 

I would like to have a 3-way partnership, and the total cash required at close per investor would be $31,103. 

How should I setup a partnership with these numbers and what are some good resources for finding multi-family specific partnership agreements.

Thanks,

HS

Loading replies...