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Updated over 3 years ago,
Partnership on Short Term Rental
I am looking to buy a short term rental Purchase price is $450K, I am putting up all the cash approx $100K, which is approx 22.2%. We both will go on the loan and spilt work 50/50. I was thinking of structuring it were I get 69% equity and profits and they get 39% - does this seem fair ? Or maybe I should just take 61% equity and we spilt profits 50/50 on cash flow? Any suggestions or ideas?