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Updated almost 3 years ago,

User Stats

206
Posts
138
Votes
Angela Yan
  • Rental Property Investor
  • San Francisco, CA
138
Votes |
206
Posts

How to form partnerships with your GC

Angela Yan
  • Rental Property Investor
  • San Francisco, CA
Posted

Hi! 

I have grown my portfolio from SFR to small apartment buildings with some STR experience as well. I am now ready to take on a 30 condo project that i plan on flipping. So i am planning on partnering with my GC in which he puts up the capital and i do the loan. Anyone here has formed a partnership? If so, how do you draft the agreement and what do you put in the contract? who did you hire to draft this up for you? Also what would be a good split? (He puts up the cost for construction, i put up the money for the bridge loan).

I feel like there are no podcast on this topic or i can’t find any so if there is one, please let me know so i can go to it. Thanks BP!