Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 3 years ago on . Most recent reply

User Stats

39
Posts
5
Votes
Jason Quero
  • Real Estate Broker
  • Delray Beach
5
Votes |
39
Posts

Newbie Investor looking for a Partner.

Jason Quero
  • Real Estate Broker
  • Delray Beach
Posted

Just a short background...I am a wholesaler who does fairly well finding good wholesale deals using the fundamentals of good solid numbers before I ever bring a "deal" to an investor. I talk to sellers ALL the time and happy to provide solutions & relief to clients when I find these motivated properties. My problem is that while I make a decent income in assignment fees it does not provide me the financial freedom and I see the monster share of profits go to the investor/buyer who is usually NOT me. I know that with good systems and partners I can partake in greater profits and not just be a wholesaler. (Sidenote: Nothing wrong with wholesalers or wholesaling) That being said...I believe finding a good experienced contractor (or project manager) is key to doing these deals remotely especially if I want to purchase these deals to fix & flip or acquire for my portfolio. That is where I am stuck...where would be a good place to start to find this person? And more importantly...what kind of compensation would I be offereing or giving for that matter for this person whom I am bringing the deal to? Is it % based driven? etc.? Any insight would help.

Most Popular Reply

User Stats

141
Posts
130
Votes
Jeff He
  • Investor
130
Votes |
141
Posts
Jeff He
  • Investor
Replied

@Jason Quero is it difficult to negotiate to become an equity share partner? 

Do you also only wholesale fix and flips? 

With regards to your other question. I can't comment specifically on fix and flips, but with the BRRRs that I do I actually find a good property manager and outsource the finding the contractors/overseeing work/etc to them. Not all, but some property managers do both traditional property manager work an have an in-house rehab/construction arm. I usually have to interview 5-10 property managers in an area before I find one that I like. 

Loading replies...