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Updated almost 7 years ago on . Most recent reply

User Stats

7
Posts
4
Votes
Jeremiah Prophet
  • Flipper/Rehabber
  • Missouri City, MO
4
Votes |
7
Posts

First deal, partnership

Jeremiah Prophet
  • Flipper/Rehabber
  • Missouri City, MO
Posted
I have a deal I'm working that I'll be entering into with a partner, 50/50 split of all expenses and returns. Does it make a difference: Which one of us gets the loan?, Is one way better than the other? Who is listed on ownership documents? Does an official partnership agreement supersede everything previously mentioned ? Also, where should I start when looking for partnership agreement template? The property is in MD, we both have LLC's, his is in MD, mine is registered in VA

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