As long as both partners are clear about what they are bringing to the deal and how their contributions are to be valued, then it should be fine.

I guess that's where I need to save the extra cash flow I'm estimating for myself and make sure the numbers work to where if I save that and combine it with the equity that's paid down I could contribute enough to buy the partner out of their original investment?

They have a very low post count, and contribute very little to the forum besides commenting on posts where someone is looking for an agent.I have written a blog post that may help you sort through the agents in your area.

Thanks to all who contribute to the site and I look forward to chatting with you all now that I’ve entered the posting world.

So unfortunately I have almost nothing to contribute to this.

My contribution...I'm bringing the deal (the opportunity) to him, I have the concept with tons of pics of the type of product that we would build out (RV sties and cabins), I've done all the due diligence, and will do all the work getting it improved, etc. 

However, it would seem extreme if you couldnt even allow your elderly mother to live in your home and contribute to the finances.  

You may have some fee for recording the new deed and also if there is a note attached.However, if you are still the beneficiary of the LLC, it is a contribution to the capital of the LLC and it is tax neutral.

Hello BP Community,I was wondering if anyone has experience in their full time job (if it is not flipping houses) that directly translates or contributes to contractor/project management as it relates to flipping houses.For example, I am a new investor working full time as a chemical engineer.

But perhaps we keep an equal split once everyone is made whole (after the refi) and then just take 6-8% of the rents to be split between my partner and I and leave equity out of it.As for the equity going into the deal, from a cash standpoint only contributing 50k of 300k would put our initial equity at 16% without considering deal acquisition and project management.