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Updated over 4 years ago on .
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How to estimate the value of my hustle in a BRRR deal as a newbie
Hi everyone! I've been educating myself on REI over the last almost 2 years plus saving some money. Brandon Turner always talks about the 3 components for a succesful deal: Money, Hustle, and experiene/knowledge. Well, I'm being now presented with the opportunity to partner with a group of investors who like me have no previous real experience in the US real estate market, and will most likely put the lion share of the money initial investment towards a BRRRR in FL in the neighborhood of $400K (property value). They'll put around $100K while I'll be contributing around $20K. We'll open an LLC to do things more formal and I'll do most of the work from administrative to finding the property, managing contractors and the property itself. What is a fair way I could estimate the value of my work, meaning hustle and education on REI? I addition, what is a good way to estimate my participation in said LLC taking into account the monetary contribution and work?
I'd appreciate any guidance and real life examples. =)