Partnership Structures

[Terry Mccasland]

Can anyone provide some examples of the partnerships that have put together.  I know the deal can be structured anyway we want, but I am looking for examples so I can get some idea on what has worked before...

For example:

Two way (50/50) Flip
- Partner 1 provides all capital for buying/rehabbing at prime + 5 (say 9% flat, no points)
- Partner 2 does everything else, identifies property, manages rehab, flips property
- After project done each partner gets 50% of profit

Three way (33/33/33) Flip

- Partner 1 provides all capital for buying/rehabbing at prime + 5 (say 9% flat, no points)
- Partner 2 does project management, accounting, records
- Partner 3 does coordinated all the work required to rehab the property
- After project done each partner gets 33% of profit

Thanks in advance