hello all,so i found a private lender and i told him of my plans to BRRRR properties...we never really spoke of the percentage i will be giving him, i just kind of suggested that it would be whatever made more sense for him as i would just be grateful and willing to show him how great this could be for us both...i have since been analyzing properties and am getting ready to approach him with some of the deals i found...I am now just nervous about now asking for the money because i'm sure he has been thinking about the risk etc especially since this is all so new to me as well and he is aware of this...Is there some kind of form or steps to show him that i will be taking to assure him of his money? 

What is a typical percentage of rent increase would you recommend?

It then gives a percentage increase/decrease.

@John Lewellen make sure you network with local investors to check your percentages.

Although your percentages are solid, consider massaging them a bit.

ThanksCap rate is NOT the same as return on investment.There are 3 percentages you have to think about when investing in apartment buildings:1.

While only a tiny percentage are interesting, you can analyse much more deals much faster and they are ready to go.

Or, to provide seller financing for a period so the percentage of OO units flips.Otherwise, you are buying them for cash flow and you will be able to sell them for cash flow and not much more. 

Essentially he just wants to be passive.So is the proper route to create an LLC between him and I as partners then have a lawyer draw up a contract outlining the percentage of ownership I get by doing all of the work?

So over time a standard percentage has been established.