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Updated about 8 years ago,
Starting a rehab company with your GC
Hey Folks,
So I am in the planning phase of creating a construction/home improvement/contracting company that will work on my rehab projects exclusively, offer services to other local investors, and offer services to home owners as well.
Anybody here have a similar partnership/arrangement with a general contractor(s)? I'd love some input on how you structured the partnership/relationship.
-Do you have a partnership in place?
-Percentage of ownership for investor? Percentage for General Contractor?
-Performance based bonuses for the GC? What's fair?
-Best way to protect yourself (as the investor) from liability?
Etc.
Thanks,
Mike