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Updated over 4 years ago,
No money down. Working with investors.
Hi guys, need your advice.
I start investing in real estate last year. For the last 11 months I did 1 flip and one BRRRR. My cash is locked in BRRRR for now and I am looking for a way to continue flipping. Now, I am working on "no money down flip". I worked out a proposal for my possible investors and based on my conservative calculation, I can offer ROI between 8%-13% (3 months project duration).
Questions for you.
Q1: What do you offer to your investors when you obtain the hard money purchase/rehab and your passive investors are brining cash to the table. I will be managing the rehab with my own crew and sell it under my real estate license (which save us 3% on commission).
Q2: Do you include your investors in title, if not, how do you make them feel secure?
Q3: I want to do this one-time transaction under Join Venture agreement. What contract do you do for one-time deal?
Thank you in advance.