Can a partnership increase net profit?

[Danny Day]

What are your thoughts on a partnership agreement for rehabbing / selling? More so I'm talking specifically about silent partners, who want to take a profit but not do any work.

How would you structure this agreement?

I've had someone who wants to take on a partnership with me on a 50/50 split, and wants to split costs 50/50 - but he is out of state, and would not control rehab. I would be in charge of locating, inspecting, closing, rehabbing, selling the property.

Not sure if this is the best arrangement on 1 deal. Could there be a benefit to scale?

Thanks in advance