Hey everyone I got this idea from another BP member after I posted about how much a partnership benefited me so I wanted to asked: what is the best and worst things you have gotten from a partnership?

I'm about 2.5 months into the adventure and still in the learning and fact-finding phase.The major thing holding me back from pulling the trigger on deal #1?

Some of the disadvantages are generally lower LTV/LTCs, higher 3rd party fees, and additional legal review requirements and fees for LLC/partnership holdings.

Is it tenants in common or through an entity such as a partnership/LLC.I am not 100% sure if you can get conventional financing if it is through an entity.

Some investments will trigger it and some will not.

It opened my eyes to possibilities, and because of taking action on what the book talks about, I have made relationships and partnerships that are proving fruitful. 

If the appraisal was wrong, you can:a) If a VA loan, trigger the Tidewater clause by notifying the appraiser that you're challenging his appraisal amount. 

I've spent 20 years in construction, taking projects from blueprint stage and ground level- to turn key; and ready for the next leap into building a business focused on investments, networking, ROI growth and partnerships in commercial, residential, and multi-family units. 

Just trying to get a sense for what is the best way to structure our 5 member partnership, from a practical, legal, and financing perspective.

How do you guys set up 50/50 partnerships that is not loan based and the partner and you split the equity/cash flow 50/50?