Seeking advice on How to structure an RE partnership??

[Tyson E Keslar]

I am a remodeling contractor and have a long time friend/acquaintance with significant resources and capital. We are considering a partnership where he provides funding and I will manage the projects. Our focus will be long term buy and hold multi family units. We are trying to put together a business plan that works for the both of us. Looking for advice and recommendations on how to go about structuring such a relationship? 

[Basit Siddiqi]

I think you may want to start of the arrangement in a more simple fashion.

Ask for a loan in which he will get a stated return 6% to 12%.

If you are both successful happy with this arrangement, upgrade to a partnership.
I think a partnership off the bat makes things complicated.

You will also likely make more money in a loan agreement if the project does well.