Partnership Opportunity with nephew
I am considering doing a partnership with my nephew who is a real estate agent here in Utah. He currently is an investor with a few properties where they rent out each room in the condo with a shared common area and are doing pretty well. I am a new investor trying to find the right place to jump in. I have cash and a desire to learn and he has the experience and knowledge of this space. How should I structure a deal where I bring all the capital and he is going to bring the knowledge and potentially even manage the properties. I’ve thought about an equity arrangement for him as payment for the management. Just curious what others experience had been or advice on how to set this up. Thanks.