JV BRRRR Equity Split

[Cary Hawkins]

Hi!

I am starting a Joint Venture BRRRR with a family member in the San Diego area. I will be bringing 5-10% of the equity in the deal, and the family member will bring the other 90-95% of the equity. I will be fully acting as the GP and managing all aspects of the BRRRR. I want to structure it as an equity split. Does anyone have any good advice on how to do this? Should I get another 5% at each stage of the BRRRR? How much should I end up with?

Does anyone have any advice on how to structure this? If there are other resources via articles/posts/podcasts you recommend, I will also take those.

Thanks!