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Updated over 6 years ago on . Most recent reply
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Providing operational optics to passive investor
I have a potential private Investor who will be funding my mobile home flipping business 100% but will be completely passive. In other words he is only providing the funding. My question is: To what degree do i let my investor know the costs of everyrhing, costs of acquisitions, costs of rehabbing, marketing, etc.?
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Transparency is the golden rule and will build trust with you investor. Look to build long-lasting relationships where you dazzle him/her with great returns. This will lead to larger deals and you will be on your way to park ownership. Good luck.