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Updated over 2 years ago on . Most recent reply

User Stats

21
Posts
5
Votes
Karl Dela Cruz
  • Rental Property Investor
  • Winnipeg, MB
5
Votes |
21
Posts

First time doing a Joint Venture. Help Required!

Karl Dela Cruz
  • Rental Property Investor
  • Winnipeg, MB
Posted

Hey all,

Can someone recommend a proper way to structure a partnership to ensure both ends are meeting their responsibilities? 

On my side of the bargain, I will be providing the capital for down payments and renovations, finding deals, and property management

The partner's value is managing the construction of the property and also helping find deals.

Both of us will have a corp set up = both our corps will be on the title for our deals as 50/50.

How should we structure this partnership? Is an equal split fair or do you have any other responsibilities or recommendations that one of us should take on so both ends are contributing to a successful partnership?

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