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Updated over 2 years ago,
Partnership Structure with 2 different ends of real estate
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