Corporation or Partnership?

Austin Samber You should be getting a partnership position.

I've done a few flips and have a few rental properties, but am really interested in learning more about partnerships and how each person involved in the transaction is fairly compensated.

I have to explain that relationships are cultivated over time and by your past experience and track record.My clients and other contacts I know that have hundreds of thousands to millions a millions in cash do not form partnerships quickly or give out money to just anyone.

If you are pleased, give me a call at [REMOVED] and we will make an appointment for viewing and application.Thanks for pinging us and looking forward to a great partnership. . .

My question is in regards to counting a draw from a Partnership LLC (my wife and I) as income for the purpose of refinancing my primary home.

I have more to put down, but want to have enough left for any repairs or appliances needed for the house.I am new to this so I could be way off on the structure of partnerships.

is it a partnership for a % of the profit?

Using equity is one source, partnership is another source (someone who chips in the money while you do all the "work" of running it), 0% down (much harder these days) is another source, or just simply waiting till you have more funds saved up to buy another.

And the seller & I would form a mentor partnership.