How to split a Multi-Fam Deal

[Monica Litster]

I have someone who will walk me through two multi-fam deals, that I think I would like to keep and start the monthly $ coming in. He said we he would split it with me 50/50. What does that look like? Are we talking just splitting the rent on a monthly basis? He said to make him an offer that makes sense. Any thoughts/suggestions/guidance? Thank you

[Jonathan Soto]

Depends on how will be doing all the leg work and putting up the financing. are you experienced or is the new partner bringing the experience. if you are putting financing and leg work then I will go with a higher %. if everything is split evenly then you can go 50/50 on profit. please create operating agreement to avoid issues later down the road.