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Updated over 5 years ago on . Most recent reply

User Stats

21
Posts
6
Votes
Camille Johnson
  • Flipper/Rehabber
  • Lindenhurst, IL
6
Votes |
21
Posts

Should I work with my brother?

Camille Johnson
  • Flipper/Rehabber
  • Lindenhurst, IL
Posted

My husband and I have a renovation company and real estate investing group in the greater Chicago area and do pretty well.

My brother lives in Orlando and is struggling financially. I have the idea to teach him wholesaling basics and provide him access to all of our tools such as software, Google business phone, etc.

From there he can work the area and see if he can make something happen. I would love to help him financially and we can do some sort of split of profits.

This business is all about the work you put in and I would have appreciated so much someone who was there for me who already understood the business. My husband and I primarily buy directly from homeowners and then keep the properties to flip and not so much wholesaling so this would be different for him.

What potential issues/pitfalls might there be and how can we overcome them so I can help give him this chance?

Thanks!

Most Popular Reply

User Stats

869
Posts
920
Votes
George W.
  • Investor
  • New Jersey
920
Votes |
869
Posts
George W.
  • Investor
  • New Jersey
Replied

It sounds like you want to help him out which is great but it also sounds like it was primarily your idea. Is he ready/willing to put in the work? If he doesn't have the drive to do this it might not work out great. 

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