Partnership operating agreements are very flexible.You could do a waterfall schedule for both allocation of income and capital distributions.e.g.1) You're allocated a cumulative fixed annual return on your unrecovered capital contribution (6%, 8%, 10%, you name it)2) Profit in excess of the fixed annual percentage return is split 50/50.Capital distributions could be something like: first distributions are to recover your capital contribution(s), then preferred return accrued to you, and finally the 50/50 profits.Food for thought. 

I am really interested in getting into investing for fix & flips in WA State.

Hello Everyone, I am working with an out of state client for sale of his fix and flip.

Hello Everyone, I am working with a client for sale of his fix and flip.

@Charlene McNamara  was your heloc fixed or variable rate?

He likes to be paid that way on fixed cost jobs.This company will be building a garage for me and a room addition on another house as cost plus. 

Hello, everyone, My new construction house will close on 9/24, but the builder refused to fix the defective works behind the drywall, deposit $25000, Arbitration clause on the contract, what should i do?

I really don't know where else to look, but I really want to get this fixed before posting too much more.

*****************************************************************************************Home sellers slash prices, especially in CaliforniaIn the four weeks ended Sept. 16, more than one-quarter of the homes listed for sale had a price drop, according to Redfin, a real estate brokerage.The supply of homes for sale increased annually in August for the first time in more than three years, according to the National Association of Realtors.The average rate on the popular 30-year fixed mortgage loan is up more than a quarter of a percentage point in the past month and is knocking on the door of 5 percent, a level not seen in nearly a decade.https://www.cnbc.com/2018/09/20/home-sellers-are-s..."

Minus mortgage (30 years fix around 5%), taxes, insurance, property management company, maintenance, and repairs, you will end up with a few hundred dollars positive cash flow while building an equity.