Credit Partners

[Barry Johnson]

Hello BP Forum Members:

My name is Barry Johnson and I am a relatively new Real Estate Investor.  I have a long term business colleague that has expressed interest in being a Credit Partner as I carry out the day to day real estate analysis, work and heavy lifting.  Can anyone help me with the following 3 questions:

1) What is the customary ROI usually paid to Credit Partners when their role is limited to ONLY being a Credit Partner (which I don't diminish because it is a huge role)?

2)  Is there a "sort of customary or standard written agreement" regarding this type of business relationship?

3)  Any suggestions on how you would structure the business relationship in this scenario?