Purchasing with a Partner

[Troy F.]

I recently found a deal that looks pretty good and a partner willing to go in on it. The question I have not heard answered on the podcasts is, how do you partner with someone?

Who is on the title? Who pays the bills? How do you split cash flow and bills. I realize there are many answers but would like to hear what others who have had success in this process have done.

[Caleb Heimsoth]

@Troy Froistad. I did this. We decided closing in an entity is best. We both own the entity.

Then we split everything 50/50