Partnership structure for investment property

[Steven Catudal]

Hi folks,

I found a great deal but do not have enough cash to execute. I have enough to cover the down payment but the property is going to need some renovations. If I bring in a partner, how does that usually work? Let’s say I put in $80k and they do $20 to fund the renovations, do they own 20%? What is the usual structure for partnering? Also, what kinds of loans are available for this?