How do you structure your partnerships?

[Samuel Young]

Hi all! I am getting started and I am going to have a partner, I am curious how you all structure your partnerships. I am in the Austin/San Antonio area.

My partner will be out of state but will be helping me search for deals. I will be on site searching for deals and touring them as need be. We will be splitting the financing 50/50 and will have a property manager so in my mind we should split the deal 50/50.

A few more follow up questions:

- Does 50/50 make sense for the above partnership?

 - What if only one of us is searching for the deals? How much equity is that worth?

 - Do you have any odd partnerships? Tell me about them in the comments!

[Matt Stricklen]

So... The partner is hands off after finding the deal? Who is handling due diligence,  closing, inspections, survey,  hiring contractors,permits and rehab if any..? I think this sounds like a view from 30,000 feet and you will need to get much more granular about ALL the things that need to happen. Otherwise, it sounds like you've got a bird dog with some financing to offer, not a partner.