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Updated about 4 years ago,
Partner structure - want to be fair
Hey All - I have an opportunity to partner with someone on a flip. This person would provide the construction and project mgt portion of the deal, while I would provide the financing (and some labor). Is it fair to assume a partner structure as simple as, I provide the money, he provides the construction expertise, and we just split the profits? Just curious how most handle this type of arrangement.
Thanks,
Bob