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Updated over 4 years ago on . Most recent reply
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What Can I offer an Investor?
Hey everyone - Kevin here!
I have been approached by 2 investors who would like to offer my company, SoFlo Flips, about $100,000 total in exchange for some kind of return on the investment.
My company and I have done about 6 fix and flips over the last 4 years and all were for a profit here in Boca Raton, Florida. I am the CPA and licensed Florida Realtor and my partner is the Project Manager/General Contractor. Up until now my partner and I just split the profits 50/50.
But now with 2 other potential investors on the horizon how do I make it fair for everybody?
Side note: These 2 investors only want to contribute their money and be a limited investor. Me and my company would be responsible for sourcing the deal, rehabbing the investment property, and then selling it. Everything from A-Z will be the responsibility of SoFlo Flips.
Hypothetically lets say that the profit on our next flip & flip is around $30,000 and it takes about 6 months total from the time we purchase it to the time we sell it. What kind of return would you offer the investors?