Bringing in New Investor

[Spencer Liddic]

Hi all! I've been reading the blogs/posts for the past few months now and this is my first post. Thanks for all the wonderful insight!

I am a buy and hold real estate investor with about 4 years experience. I have 14 units in total which I have been doing on the side- I have a full time job to pay the bills/down payments. A lot of friends/family members/peers have been watching me grow over the past years and would like to invest with me in my next deals. To me, I see this as a way to get into it full time (which is my dream) as they could help fund the down payments. However, I am not sure how I would set up a business in which both parties are rewarded fairly. I would be responsible for all the leg work (finding/managing/etc.) and they would provide the cash/financing. One potential investor in particular has been going back and forth with me on potential ways to structure the business. I would love to hear your feedback on ways that you structure deals/businesses where one party does the work while the other provides the cash?

Thanks again for your advice and look forward to heading back!

Kind regards,

Spencer