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Updated almost 6 years ago,
Fair profit split between partners
Hi all
After a pretty successful growth period, my business partner and I have have been approached by a number of people who are interested in partnering on some larger projects.
We are looking at a 6 unit building now and my question is, what is a fair split between 3 partners on a project?
1 partner would be silent and would provide funding for closing etc. The other 2 partners would be actively managing all aspects of the property (maintenance, tenant issues, etc).
What's the typical / fair profit split in this situation for all parties?
Thanks in advance