Partnerships - How to divide the piw

[Jesse Fragale]

Hi All,

First month at BP and its been awesome!

I am curious to get members opinions on how to split real estate when you have two 'managing partners' (manage all operations of the investment) and 2 or more investors.  Provided that all the partners have the exact same amount of equity in...should the managing partners receive a payment or more of the upside equity etc?  Or are there other creative solutions you've used with your investments.

For more clarity, my partner and I are commercial brokers.  We source and negotiate the deals and manage the properties and distribute (similar to syndication but all of us are equal equity investors) them to the 3 or 4 more investors (all long time friends).

Thanks!

[Lane Kawaoka]

The less experienced team takes a smaller fee and more experienced "celebrity syndicator" can take a huge fee.