In an ideal world the investor, a partner, an interior designer, or for larger investors maybe a project manager would be able to collaborate with the contractor(s) on these things.

Partner of mine didn't get into real estate until he was 50 and now is worth over 150m!

I have been offered a proposal to partner with the broker on a house what percentage do I ask for if I am providing all the labor and he is the money?

Any way Message me if you would like to chat to much info to Luis Maquiera  Multifamily Partners 

@Akash Agrawal In a real estate general partnership, all partners can be on the deed while only one partner holds the mortgage.

My partners and I subdivided the property into two distinct rental units:Unit 1: 2 BR / 1 BAUnit 2: 1 BR / 1 BAGiven this setup, the property is now being used as a multifamily dwelling.

Therefore a partnership return will need to be filed and each partner will get a K-1 reporting their share of income.Each investor will then report that income on their return.Taxes will be calculated based on each partner's tax rate.Best of luck.

As a Real Estate Professional, you can offset active and passive income, but your partner may only offset passive income unless he qualifies as a Real Estate Professional.

We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.

However LP's entity  both in Canada and the USA treated the same as flow thru's entities and that may be what he would want to create an LP to partner instead of a LLC.