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Updated 11 months ago on . Most recent reply

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916
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296
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Shanequa J.
  • Realtor
  • Houston, TX
296
Votes |
916
Posts

50/50 partnership maybe?

Shanequa J.
  • Realtor
  • Houston, TX
Posted

If I get a house under contract for 70% ARV minus repairs, would it be unreasonable to ask the investor for a 50:50 split? And what is the likelihood that investors would agree?

I was listening to a podcast and the investor says he does this with wholesalers who bring him deals.

Most Popular Reply

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294
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160
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Shawn Parsh
  • Real Estate Investor
  • Tennessee
160
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294
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Shawn Parsh
  • Real Estate Investor
  • Tennessee
Replied

Shanequa,

I'm not sure about others, but I would never give 50% of any deal to someone that brings me a deal. Of course I have no need for wholesalers. I offer a 1,000 finders fee to anyone who tells me about an unlisted property that I buy. Between that source and my own work I've never had a problem finding deals.

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