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Updated almost 10 years ago on . Most recent reply
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How do investing/partnering work?
Let say i find a good flipper whom have a good record, and this flipper need money to flip houses. If i provide the money how does the deal work? Do we split 50/50?
Can i get into these kind of deal from sweden or do i have to be in the US?
If anyone knows how i can get into these kind of deals it would be of great help :)
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@Hussein Al-asadi I guess the rule of thumb is those who provide the cash make the rules. Your money, your rules. Everything is negotiable.
How do you get the deal done from Sweden?
- Find a real estate attorney in the city where the flip's occurring
- Draw up a Joint Venture agreement or have the attorney draw it up;
- Have the flipper sign the agreement. The attorney could record the agreement, a mortgage, a notice of interest..... All depends on the state
- Escrow the money w/ the attorney to support the flip
There's naturally more detail but this is the route I would take.