Advice from created partner relationships.

[Daniel Johnson]

My goal in real estate is to purchase, rehab and sell in order to use profits for purchase, rehab and hold.  However, like probably most, financial is proving to be problematic.

I would love to structure a partnership deal where the financier took their profits from the profits of the project rather than in the form of an interest rate.

Can someone who has worked this type of agreement tell me about their experiences.  Is it possible to find this setup?  How did you find your partner?  What pitfalls do I need to look out for?  Etc.