Help with investor structuring

[Brad Ernst]

Hello BP, had few questions about partnerships. I have not done a deal yet, however I have people interested in partnering/investing in future deals. I just don’t know the best ways to structure it. Say $100,000 duplex, 20% down-$20,000. I would split half the down payment and have the partner also put $10,000 down. I would carry the mortgage under my name. After all expenses paid, say it cash flows $300 per month. If I tell them I’ll give them 12% return on their investment. $10,000 x 1.12- $11,200 And say I give them half of the cash flow per month ($150) so for them to get all their money back would be 75 months. $11,200/ $150 - 74.66months First, am i figuring all this correctly with these numbers or way off? Two, would someone really want to wait 75 months for their $10,000 investment? Any help for this newbie would be high appreciated, and if anyone has examples of partner deals under $200,000 I would love to see the numbers. Thank you.