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Updated over 7 years ago, 09/18/2017
Structuring The Deal
Hello everyone, newer investor asking for some advice on how to put a deal together for a flip. Through my local REIA I found a fantastic partner, with all cash purchasing power and is able to do their own (quality) work. They are only willing to work with me as long as I find and put the deal together, fair, so they basically just want to bring cash to closing and get to work! My question(s) is what are all the little things I should do in order to make it as easy as possible for my partner and I to get the deal, assuming the one we chose is a good one.
Details:
Flip
using partners cash
using partner work (contractor)
I will help with work
working with my agent for buy and sell
Something my agent asked was whose name would offer be under, my or theirs and already discussed profit and work splits so that is not an issue.