How Would You Structure This Partnership

[Michael Craig]

There is an off market deal I have been working on for 2 years now. The owner is an older woman looking to move out of her inherited 3 family home in order to move into a condo of some sort that will require no house maintenance/yard work. She is now ready to pull the trigger.

My older brother is looking to share in some of the success I've had using the BRRRR method. He asked if I know of any upcoming deals and if I would be interested in a partnership. I told him about the one I've been working on for 2 years.

I would  bring to the table: the deal, the market/real estate knowledge, the real estate attorney, the mortgage broker/bank. I will also be responsible for the property management and the snow removal/yard work. I will bring in the contractors and manage the renovation.

He will bring the 20% down payment, take out the mortgage for the remaining 80% and fund the renovation.

Assuming my brother is someone I would like to partner with, how would you structure the partnership?