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Updated about 2 years ago on . Most recent reply

Jimmy Harris's profile image
Jimmy Harris's profile image
Jimmy Harris
  • Flipper/Rehabber
  • from Carrollton, GA
  • Member since Mar 15, 2019

User Stats

4
Posts
1
Votes
Jimmy Harris's profile image
Jimmy Harris's profile image
Jimmy Harris
  • Flipper/Rehabber
  • from Carrollton, GA
  • Member since Mar 15, 2019
Jimmy Harris
  • Flipper/Rehabber
  • Carrollton, GA
1
Votes |
4
Posts
General Real Estate Investing

Partnership Profit Split

Jimmy Harris
  • Flipper/Rehabber
  • Carrollton, GA
Posted

I have a partnership with a partner where we are 50/50 owners of several rental properties. We have taken out a LOC on the equity in our rentals to fund flips. I will find the properties to flip, manage the contractors, handle the accounting and most of the day to day activities for the company (until we can scale up). What is the normal profit split on this type of partnership?

  • Jimmy Harris
    • Atlanta, Georgia
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    Stephen Gibson Jr's profile image
    Stephen Gibson Jr's profile image
    Stephen Gibson Jr
    • New to Real Estate
    • from South Jersey
    • Member since Jun 21, 2023

    User Stats

    15
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    14
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    Stephen Gibson Jr's profile image
    Stephen Gibson Jr's profile image
    Stephen Gibson Jr
    • New to Real Estate
    • from South Jersey
    • Member since Jun 21, 2023
    Stephen Gibson Jr
    • New to Real Estate
    • South Jersey
    14
    Votes |
    15
    Posts
    Stephen Gibson Jr
    • New to Real Estate
    • South Jersey
    Replied

    How do people usually find partners? Any suggestions on how to go about this? I'm looking for small multi family in Philadelphia. 

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