Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 10 years ago on . Most recent reply

User Stats

45
Posts
6
Votes
Julio Vasquez
  • Specialist
  • Cottonwood, AZ
6
Votes |
45
Posts

Profit split on a flip

Julio Vasquez
  • Specialist
  • Cottonwood, AZ
Posted

Hello, 

Im Leo here in Florida! New to bigger pocket and glad to have found this amazing community!!! I am a new investor, and to go straight to the question:

I have HELOC line for 60k, I plan to purchase a property and flip it, lets say..

List price is 60k needs 20k rehab, retail/arv price about 110-120k

Im short 20k that I could get from a private party, not hard money.. 

I am a realtor, so I will take care of all the work including hiring GCs.

My partner(s) will only lend me the amount im short, so since they're not investing 100% how should I pay them back? how much will be their profit of their part, and in general every time they're not lending me 100% of the deal, how much percentage profit will they get?

Thank you!!!!

Loading replies...