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Updated over 2 years ago,

Account Closed
  • Investor
29
Votes |
64
Posts

Partnership Structure with 2 different ends of real estate

Account Closed
  • Investor
Posted

Hello BP

- I am in a bit of a pickle on how to structure a deal. I have 2 single family properties under contract (package deal) which I plan to BRRRR and 2 people who want to partner

     Price 80k

     Rehab 15-20k

     Arv 200k

-  I have a family friend who wants to partner 50/50. I suggested they just be the hard money loan for this property, but they are insisting on being 50/50 partner, theyre willing to put up 100% of the money but as its a brrr they will get it back in 6 months 

-  The other person who wants to run half way houses in the properties and also be 50/50 partner. Half way houses would bring me about 30-40% more monthly but me also having to handle some light management not making it completely hands off

looking for any and all advice, I really appreciate it

thank you in advance

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