BNB Partnership Split quesiton

[Sheng Yang]

BP Community:

I have a partnership split question reaching out for help.

I went in a BNB unit as partnership with a friend. We did 50/50 on 25% cash down payment, and I got a loan on my own to fund the rest of the 75% of the deal. I also spent significant time research and to put deal together, including negotiations with the builder. Going forward I will bring knowledge to operate the BNB to set up the platform, automate the pricing and etc. My partner will be focusing on the maintenance of the unit. We intend to manage the unit ourselves through the platforms. For the split percentage, I am thinking 25/75 or 20/80 for the deal. We will use that split to do cashflow profit sharing and equity split when we sell the unit one day in the future. We will draw up the agreement based on that split. Does that sound like a good partnership split to you? Thx for your input.

Sheng