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Updated about 11 years ago, 11/08/2013
Too Many Deals
I have a very good problem. I have a ton of deals varying from flips, land developments and folks who just always call me because I have invested my character into that "Do The Right Thing" business model and I just seem to find deals. Now, I have raised pretty big kitty(especially for my market) but the some of these folks are wanting more of a equity partnership vs a set 10-12 return. Honestly, I do not mind this because some of the opportunities are huge and there is enough to go around... However, they have no clue about REI and quite frankly, there is more value of working with a educated investor and giving them an equity share IF THEY HELP beyond, "Here I have money"
My question?
Pass on those deals wanting a bigger chunk due to their lack of involvement and me having to hold their hand or get in the trenches to make a house ready= do all the work...
Or establish relationships with other investors who might want a bigger cut but also play a bigger role and also enough funds to get 4-5 projects going?
Any ADVICE?