Hi everyone, I have a question of how to structure a fair equity partnership. I have been tossing around the idea of doing buy and hold for quite some time now and I have gotten pretty serious about it the last year or so and am learning as much as I can. I started house hacking my home when I first got it about 8 years ago before I knew what house hacking was. Now I would like to further that knowledge and excellent it. I was hoping to go to a few investors I know and partner with them to brrrr a few property's. I would find and manage the property and am looking for them to just be the cash in the deal. I know there are to many many ways to list on what that might look like what what are a couple of the common ways to set that up. So here is what I was thinking please correct me if I am wrong but like I said if I do all the work and they just put up the money and split it 50/50, so with a brrrr do I pay them back there up front money then, split the remaining equity and cash flow? I guess I'm just trying to get a fair idea in my head so I dont look like an a$$ when asking for a partner, thank you everyone in advance for your input.
