- Joined
- Apr 5, 2009
- Messages
- 6
Hello,
I have two other business partners who have 30K each to invest and I only have $10K. I'm pretty much okay with spliting up the equity in the same percentage of our capital investment amount. However, I'm the brain of the group and the investment mortgage will be in my personal name since one is still in school and the other one won't qualify for a mortgage.
I would like to know how much more I could charge to compensate me for taking the risk putting it in my name and for doing 80% of the legwork, including rental management and finding a quality realtor and a mortgage broker to work with us?
Just wanted to know what people in this situation would normally do? What is the norm? I don't want turn them off though since they are good friends of mine.
P.S.
We will have legal contracts in place etc...
just don't know what the split should be...
Any help would be great!
Thanks,
Cathy
facebook.com/23YOL
I have two other business partners who have 30K each to invest and I only have $10K. I'm pretty much okay with spliting up the equity in the same percentage of our capital investment amount. However, I'm the brain of the group and the investment mortgage will be in my personal name since one is still in school and the other one won't qualify for a mortgage.
I would like to know how much more I could charge to compensate me for taking the risk putting it in my name and for doing 80% of the legwork, including rental management and finding a quality realtor and a mortgage broker to work with us?
Just wanted to know what people in this situation would normally do? What is the norm? I don't want turn them off though since they are good friends of mine.
P.S.
We will have legal contracts in place etc...
just don't know what the split should be...
Any help would be great!
Thanks,
Cathy
facebook.com/23YOL