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Updated over 8 years ago on . Most recent reply

Ebahi Ejerekhile's profile image
Ebahi Ejerekhile's profile image
Ebahi Ejerekhile
  • from Dallas, Georgia
  • Member since Jul 14, 2016
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Ebahi Ejerekhile's profile image
Ebahi Ejerekhile's profile image
Ebahi Ejerekhile
  • from Dallas, Georgia
  • Member since Jul 14, 2016
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Ebahi Ejerekhile
  • Dallas, GA
4
Votes |
34
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General Real Estate Investing

Silent investor makes double what they put in...is this real?

Ebahi Ejerekhile
  • Dallas, GA
Posted

I'm considering my first REI deal. The contrator and agent I am working with sent me a contract that I'd make $5000 for the $5000 I put in to a JV deal. The other JV partner put in $10k and he is going to make $10k.

The deal is a flip. House purchased for $315k in Atlanta, ARV $650-700K

Wondering if this is a far-fetched deal. 

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Dan Vleck's profile image
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Dan Vleck
  • from Deerwood, Minnesota
  • Member since Oct 27, 2014
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Dan Vleck's profile image
Dan Vleck's profile image
Dan Vleck
  • from Deerwood, Minnesota
  • Member since Oct 27, 2014
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Dan Vleck
  • Deerwood, MN
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Dan Vleck
  • Deerwood, MN
Replied

One sign is if it sounds too good to be true, it probably is.  Meaning that you are about to be ripped off.

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