Structuring a Partnership

[Nicholas Anderson]

Hi Everyone,

Can anyone recommend a few resources around structuring partnerships for the purpose of buying and holding real estate? While I can bring in a money partner on a single-family home purchase, I’m hesitant to pursue this route without fully understanding how other experienced investors are structuring their partnerships. For example:

• -How are the expenses shared?
• -What if the expenses and repairs exceed the excess cash in reserve?
• -Do you fund a cash reserve account as a “just in case”?
• -How often do you pull your cash flow out of the operating account and into your personal accounts?

Thanks,

Nick