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Updated about 9 years ago on . Most recent reply
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Hard money or bring on a partner? What would you do??
I have been investing in real estate for many years, have done a few flips which I funded alone and did all the work myself. I have learned that neither of these options are very smart. I know have a great contractor that is going to be handling all of my flips but the issue comes down to financing. I have two options here, option one is hard money. This money is easy for me to get but cost me 12%-18% depending on property and the investor involved. Option 2, I have a wealth investor that is looking to develop a partnership with me. The partner will supply 100% of the funds to purchase and repair home. The split will be 60/40 in my favor. Mind you I bring all knowledge and experience to the table, plus my contractors. Which would you suggest to be the smartest move for me to expand my business?
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Originally posted by @Jean Taveras:
If he just wants a return on his money, he won't be doing anything. I would give him 20%.
I'm curious how many investors you've found to take all of the risk for 20% of the profit?