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Updated about 2 years ago,
No experience, No money, but got a deal... is that enough?
Alright. Let me try to explain this as best as I can...
To all investors, if someone was to bring you a deal and says "Hey, I would like to partner with you on this deal because I do not have money or experience (finding contractors, reading estimates, and supervising the flip, etc.) but I have a deal and I can show you numbers" is that enough for you to be a 50% partner with the deal finder considering that you're putting in the money and doing most of the work? Would you not accept the deal? or would you cut him in at lets say 25%? What value can a new investor bring besides the deal?
I hope my question is clear. Please feel free to ask me to elaborate more if not. Thank You!!