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Updated over 3 years ago,
Calculating a 50/50 Split
A partner and I contributed different amounts to a BRRRR deal and we want to distribute our cash out refi in a way that would now make us 50/50 partners. I am a bit confused on the math, so I wanted to see if someone could help me out.
I put in a total of $76,004.00 (47.7%) and my partner put in $83,313.09 (52.3%)
Our cash out refi total back to our bank account is $115,727.68.
How much would each of us get back to then be 50/50 in our business account?
Thanks a lot!