Managing Partnerships: How do you handle partnership payments in a deal

[Mike Romano]

Hey everyone,

Curious to hear about your approaches to partnership payouts on deals. When you've agreed on a percentage of the net for a partnership, do you typically share all invoices, or is there a preferred method for transparency? How do you handle the financial side of partnerships to keep things smooth and clear?

I'm entering a partnership deal where I need to contribute a percentage of the net profit upon selling the flip. As this is new territory for me, I'd love some advice on how to navigate and manage this aspect effectively.

Thanks in advance for sharing your insights!