All Forum Posts by: Michelle M.

Looking for some advice on how others have structured partnerships that are not so clear cut as those who bring 100% labor or 100% money. For example, we have three partners:

Partner A: Downpayment + Bank Financing for purchase + All work associated with finding, design plan, project management, and selling property

Parter B: Some cash for renos + On-site construction management

Partner C: Majority of cash for renos

What type of partnership agreement would you recommend for this type of arrangement? The short-term goal is to complete a flip, and the long-term goal is to have a property development company with an investment fund for other investors to invest cash in our projects.

How have others determined a "fair" compensation for those who put in the sweat equity (Partners A & B in this case)?  I've heard that some determine a set % for "operators" v. "investors" and then divide accordingly, where some partners are acting in both roles. What does a typical distribution of profits look like for these types of partnerships?

Anything else I should be thinking about? 

Thanks for the suggestions!

Hi Clint, I have similar questions as well. Will be interested in hearing what others say. Best of luck to you!

Hi everyone! My husband and I are looking to invest in Miami-Dade either through house hacking or a home flip. He has a construction/interior design business and is very knowledgable in estimating costs and post-reno values and could do all renos at cost. However, we are trying to better understand how to analyze deals and secure financing. Does anyone have any recommendations on realtors we could work with in the area who are knowledgable in this specific area? Will also check out events with BREIA- thanks for the tip, @Antonio Lopez!

@Account Closed, Just curious how your purchase ended up. We are also looking to purchase a multi-unit property to home hack in South Florida (Miami-Dade County) in the next 6 months and would love to learn from your experience. Thanks!