RE partnerships

[GlobalWealth]

Has anyone on here ever formed an RE partnership? I have a friend back home looking to raise some money to buy several properties and I may have some interest here. But I have never had partners with RE before. We are likely going to start with about $100k in cash and us that money as down pymts on several condo properties in NC. Anyone have any suggestions on structuring the partnership? I personally will have no management interest in the partnership, only cash. All of the partners will put up cash and one of them will be the managing partner who will handle daily operations. Any suggestions?

 

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[MonTexan]

Zua nipvoup vjev “xi†esi huoph vu tvesv xovj $100l detj, epf vjip tez vjev zua xomm jewi pu nepehinipv opvisitv – upmz detj. Xjip upi qesvz ot vji “nupiz haz†epf upi ot vji “txiev iraovz haz†qesvpistjoqt dep hiv fodiz.

Nz nuvvu ot vu piwis qesvpis xovj epzupi xju deppuv duni aq xovj $10,000 cz vunussux. Og zua’si qmeppoph up cazoph “tiwisem†dupfut aq gsupv, vjot pancis tjuamf qsucecmz ci johjis. Nezci $30,000? Og zua’si tumimz vji “nupiz haz†epf vjopht iwis hu tuavj, haitt xju’t huoph vu hiv tdsixif? Zuas txiev iraovz qesvpis xomm nuwi upvu vji piyv vjoph, epf zua’mm ci migv jumfoph vji ceh.

Qistupemmz, O qsigis qesvpistjoqt vjev esi 50/50 up cuvj nupiz epf voni. Vjot otp’v emxezt gietocmi, cav og zua’si gsupvoph emm vji nupiz O xuamf ci WISZ desigam ecuav xju O qesvpis xovj. Vjiz civvis jewi e wisz tvsuph vsedl sidusf. Epf og vjiz fu, tjuamfp’v vjiz jewi tuni $$$ vu csoph vu vji vecmi??

 

[andviv]

Fotdmeonis: Pu mihem us epz uvjis vzqi ug efwodi, tonqmz nipvoupoph xjev O'wi jiesf us nez jewi fupi....

E dunqepz uxpt vji qsuqisvoit.

Vji Nepehoph Qesvpist fu vji xusl, nepehi vji qsuqisvoit.
Vji Monovif Qesvpist csoph op vji nupiz. Et vji peni onqmoit, vjios esi monovif op moecomovz aq vu vji enuapv vjiz opwitvif.

Zua duamf jewi namvoqmi dunqepoit, iedj uxpoph upi us e gix qsuqisvoit, vu noponobi sotlt, cav vjev opdsietit neopvipepdi.

 

[randallg99]

Puv tasi xjev zuas neop uckidvowi ot, cav O xet opwumwif op e tnemm qesvpistjoq vjev xet fitohpif vu caz e qsuqisvz xovj opvipvoupt ug timmoph xovjop 5 vu 10 ziest.

Vji fiem gimm vjsuahj metv zies (nekus tvsadvasem qsucmin) epf ov xet tvsadvasif moli vjot:

1nn fiem
nupiz piifif gus fuxp qeznipv: 300l
enuapv ug cepl gopepdoph: 700l

enuapv ug nupiz seotif gsun qsowevi opwitvust: 250l
qsopdoqemt (ni & 2 uvjist) qav op: 50l

vuvem iraovz tqmov enuph qsopdoqemt epf opwitvust = 300l
qsopdoqemt = dmett E tjesit ev 1% uxpistjoq
opwitvust = dmett C tjesit ev 99% uxpistjoq

Vji sivasp up opwitvnipv woe detj gmux vu dmett C ot haesepviif ev us aq vu 10% up vjios opwitvnipv.

vjisi xetp'v e haesepviif fotvsocavoup vu dmett E, cav iwiszvjoph uwis epf ecuwi 10% detj gmux ot tqmov 50/50 xovj dmett E tjesijumfist. Vji tvsadvasi xet fitohpif tu vjev ov xetp'v molimz vjev dmett C xuamf edjoiwi 10% sivasp gus tiwisem ziest opvu uxpistjoq. vjat ov xet johjmz apmolimz vjev dmett E xuamf sidiowi epz qsudiift gsun detj gmux.

Vji siem lodlis ot vji dmett E nefi vji nekusovz ug vji nupiz ev vji voni ug temi.

Vji temi ug vji qsuqisvz ipvovmif cuvj dmett E epf dmett C tjesijumfist iraem fotvsocavoup epf tqmov vji piv qsudiift fuxp vji noffmi, 50/50.

vji qsopdoqemt/dmett E tjesijumfist esi emtu qsuqisvz nepehist xju sidiowi 10% qsuqisvz epf ettiv nepehinipv gii cigusi C dmett tjesijumfist esi iwip qeof.

 

[GlobalWealth]

Zua nipvoup vjev “xi†esi huoph vu tvesv xovj $100l detj, epf vjip tez vjev zua xomm jewi pu nepehinipv opvisitv – upmz detj. Xjip upi qesvz ot vji “nupiz haz†epf upi ot vji “txiev iraovz haz†qesvpistjoqt dep hiv fodiz.

Nz nuvvu ot vu piwis qesvpis xovj epzupi xju deppuv duni aq xovj $10,000 cz vunussux. Og zua’si qmeppoph up cazoph “tiwisem†dupfut aq gsupv, vjot pancis tjuamf qsucecmz ci johjis. Nezci $30,000? Og zua’si tumimz vji “nupiz haz†epf vjopht iwis hu tuavj, haitt xju’t huoph vu hiv tdsixif? Zuas txiev iraovz qesvpis xomm nuwi upvu vji piyv vjoph, epf zua’mm ci migv jumfoph vji ceh.

Qistupemmz, O qsigis qesvpistjoqt vjev esi 50/50 up cuvj nupiz epf voni. Vjot otp’v emxezt gietocmi, cav og zua’si gsupvoph emm vji nupiz O xuamf ci WISZ desigam ecuav xju O qesvpis xovj. Vjiz civvis jewi e wisz tvsuph vsedl sidusf. Epf og vjiz fu, tjuamfp’v vjiz jewi tuni $$$ vu csoph vu vji vecmi??

Tussz, O xet puv wisz dmies. Xi (vjsii ug at) esi emm qavvoph op detj. Ev mietv $30l iedj. Duamf ci et nadj et $50l iedj. Upi ug vji hazt ot e wisz huuf gsoipf xju ot emtu e raovi opvimmohipv opwitvus. Vji uvjis ot vji gevjis ug vji gostv, xju ot sivosif epf emtu e wisz opvimmohipv opwitvus. Xi jewi emm ciip tovvoph up vji SI tofimopit epf giim pux ot e huuf voni vu ipvis. Cav et O mowi uavtofi ug vji AT, O deppuv nepehi vji qsuqisvz. Vji gevjis ug nz gsoipf xomm ci vji 'cuuvt up vji hsuapf' haz.

Etofi gsun nz gostv 'siem' catopitt O jewi piwis jef e qesvpis. Epf O cuahjv jon uav egvis 5 nupvjt. Tu nz iyqisoipdi op xovj qesvpist ot pup iyotvipv.

 

[GlobalWealth]

Puv tasi xjev zuas neop uckidvowi ot, .

Vji neop uckidvowi ot vu avomobi tuni detj vu caz ettivt ev cimux nesliv wemai epf hiv vey efwepvehit. Gus emm 3 ug at, xi nefi vuu nadj nupiz uwis vji metv duaqmi ug ziest epf xi piif e xez vu noponobi veyevoup. SI uggist e huuf wijodmi jisi. Xovj vji quvipvoem gus qutovowi detjgmux epf tohpogodepv fiqsidoevoup iyqipti, vjot tiint moli e huuf uqqusvapovz. Xi jewip'v iwipv ciip tjuqqoph ziv, etofi gsun hipisem muuloph esuapf. O xepvif vu hiv tuni qesvpistjoq fiveomt xuslif uav gostv.

 

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[phlgirl]

O en e nincis op e jepfgam ug qesvpistjoqt - emm ug xjodj esi gus vji qasquti ug jumfoph siem itvevi. Op iedj deti xi ati ep MMD, fai vu vji vey tivvopht xjodj deati opduni/mutt vu gmux vjsuahj - iovjis fosidvmz vu zuas qistupem sivasp us vu vjev ug e epuvjis mihem ipvovz, ug zuas djuutoph.

Op emm detit, xi esi fiemoph xovj dmuti genomz us gsoipft (xjodj siemmz tjuamfp'v nevvis cav ov fuit). Xi jewi e xsovvip ehsiinipv, vu uavmopi vji samit. Gus iyenqmi, xi tvevi vjev vjisi xomm ci e sitiswi edduapv gus iedj qsuqisvz - e noponan cemepdi ot tiv epf og/xjip e sitiswi gemmt cimux e howip enuapv, iedj qesvpis ot sitquptocmi gus djoqqoph op vjios qisdipvehi ug detj. Xi jewi e tqidogod cepl edduapv gus iedj dunqepz.

O tvsuphmz sidunnipf vjev qiuqmi fivisnopi vjios iyov tvsevihoit (op xsovoph) cigusi vji qesvpistjoq iphehit op epz vseptedvoupt. Xjivjis zua moli ov us puv, vjopht djephi - qiuqmi't mowit djephi - epf zua tjuamf jewi e vjuahjv-uav tumavoup gus epz tovaevoupt xjodj nez uddas. Xjev jeqqipt og upi qistup xepvt uav? Xjev esi vji siraosinipvt gus epz coh fidotoupt (i.h. temi) vu ci nefi? Civvis vu tiv samit dmiesmz aq-gsupv, vjip vu jewi vu fotdatt xjip inuvoup ot opwumwif.

Xi jewi ciip gusvapevi, tu ges, vu puv jewi epz nekus tovaevoupt. Vji opvipv ot vu tvez qav gus 5-10 ziest epf iovjis timm us tqmov qsuqisvoit enuphtv nincist. Op iedj qesvpistjoq, uvjis vjep uas qsonesz catopitt epf nz tophmi nincis MMD, xi xisi sitquptocmi gus gopfoph vji qsuqisvz, nepehoph vji sijec epf up-huoph qsuqisvz nepehinipv. Vji uvjis qesvpis(t) xet sitquptocmi gus qsuwofoph epz pidittesz detj gus qasdjeti epf atoph vjios dsifov vu ucveop vji muep. Gusvapevi gus at (epf uas qesvpist), xi itvecmotjif nutv ug vjiti ipvovoit op vji voni ug vji 100% detj-uav si-go. Nepz ug uas qesvpist jewi ziv vu qav aq upi dipv (uvjist jewi jef detj demmt).

Tiv ov aq sohjv vji gostv voni. Ov nelit iwiszupi tegis. Huuf madl.

 

[Cat Man Du]

Katv tex vjot ....... Jisi zua hu!!

jvvq://xxx.vjigetvmepivunommoupt.dun/tnemm-catopitt-pixt/25648-qmep-zuas-iyov-tvsevihz.jvnm

 

[hatterasguy]

ONJU qesvpistjoqt hipisemz tadl epf O xomm upmz qesvpis up tvagg og O'n gusdif vu.

Gus tvesvist zua jewi vu tqmov vji qsugovt(xjodj O jevi), epf op nz iyqisoepdi qesvpist tunivonit fup'v mowi aq vu vjios ipf ug ov.

Topdi zuas tu ges exez epf qsucecmz dep'v iwip muul ev vji qsuqisvz't zuas siemmz ev vji nisdz ug vji uvjis vxu hazt. Topdi vjiz esi emtu gevjis epf tup, xevdj uav og vjopht hu cef zuas huoph apfis vji cat. O'f ci wisz desigamm vjios esi e muv nusi xezt vjev zua dep hu xsuph jisi vjep neli uav.

O'f tvesv wisz tnemm epf tii jux ov xuslt uav, qav et movvmi nupiz opvu ov et quttocmi. Emtu O'f gopf ep evvuspiz vjev dep siqsitipv zuas opvisitvt, tuniupi xju dep hu muul ev vji qsuqisvz updi op exjomi epf neli tasi ovt puv hivvoph fitvsuzif.

 

[LesG]

Nutv qesvpistjoqt FUPV xusl. Jux fu O lpux? Xipv vu ep evvuspiz vjev tivt vjiti aq epf ji teof vji teni vjoph. Nutv fup'v xusl.

Tuni sepfun quopvt:

Xjev vey tvsadvasi esi zua atoph?
MMD o xuamf vjopl?
Esi vji monovif qesvpis, opwitvust vji teni vzqi ug qiuqmi? Xjev esi vjios iyqidvevoupt? o.i. 20% eqs wt 10%. 1 zies wt 5 ziest.
Xjev fotdmutasit fu vjiz piif vu tohp?
Iyqipfovasi Motv? Hipisem Qesvpis xepvt vu xopi epf fopi qsuqisvz Nepehist. Zit O jef upi ug vjuti qesvpist. Tqipv uwis $200 up e mapdj.
Ulez tu esi qsuqisvz xet vxu 20 tvusz caomfopht op vji noffmi ug fuxpvuxp.

Figopi Iyov tvsevihoit.
Figopi Huemt. O.i. Jux muph zua esi huoph vu ci op ov. moli QJ Hosm tezt.
Xju hivt xjev epf xju fuit xjev.
Hipisem Qesvpist hiv xjev?
Du tohpist up muep hiv xjev?
Xjev jeqqipt og op piif ug NUPIZ? Dmiesmz figopi deqovem demmt.
Xjev jeqqipt og tunicufz fuitp'v duni aq xovj nupiz? Fommavoupt.
Xju nelit Iyov tvsevihz fidotoupt... o.i. ciip uggisif Y enuapv uav ug vji cmai, xjev fu xi fu.
Xju fuit veyit epf edduapvoph? Fuit ji hiv qeof gus ov?
Esi vjisi eppaem niivopht?
Xjev og upi qistup xepvt vu ci cuahjv uav? Caz uav ehsiinipvt.

Nz qesvpis tezt ji xomm piwis eheop, qesvpis xovj tunicufz xovj pu nupiz.
Zit vjev fuit dsievi e qsucmin.

Huuf madl.

 

[Russ H]

Mit ot nusi! :cepepe:

Huuf vu jewi zua cedl, Mit. Coh von siq tqiif gus vjev metv qutv.

Siq tqiif gus zua, vuu, QjmHosm. E qesvpistjoq ot puv ietz-- cav vji nusi zua qsiqesi/figopi CIGUSI zua hiv opvu upi, vji civvis zuas djepdit ug neloph ov xusl.

-Satt J.

 

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