Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago,

User Stats

70
Posts
9
Votes
Kaybreh Mathis
  • Rental Property Investor
9
Votes |
70
Posts

Advice structuring partnership for deal

Kaybreh Mathis
  • Rental Property Investor
Posted

Hello! Up until now, my husband and I have invested solo. We have a great potential property to brrrr, but it’s going to take $100k and we have $75k. My sister and BIL want to contribute the other $25k. However, he’s a professional painter but excellent handyman and can do lots of things like replace siding on house, lay flooring, etc. He could save us money by doing a lot of things that don’t require professionals like electricians or plumbers. How can I set this up fairly for us both? He doesn’t want paid hourly for the work, he wants that to be part of his contribution along with the $25k. I’m unsure how to figure out what everyone gets at the end. It’s not an easy 75/25 split if you factor in his labor. Advice is welcome! Thanks!

Loading replies...