Sweat Equity Partnerships ?Subscribe
In this discussion I'd like to receive others perspectives on "Sweat equity partnerships".
After speaking with an attorney last week, he mentioned one of his clients being only eighteen years old and owning twelve income producing MF properties. I do not know the number of units in each property, but i would assume it's a minimum of 8-16 units. After asking some brief questions the attorney disclosed that the partnership was 50/50 ownership and the eighteen year old's percentage was "Sweat equity". Has anyone ever been in a similar partnership where you receive equal ownership and your percentage is "Sweat equity" from creating an RE acquisition model?
Any feedback is appreciated.