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Updated about 1 year ago,

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

User Stats

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

Partnership Profit Split

Jimmy Harris
Pro Member
  • 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
    0 Votes
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