Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Rehabbing & House Flipping
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 5 months ago,

User Stats

1
Posts
0
Votes
Izzy Marker
0
Votes |
1
Posts

RE agent/LLC FLIP PARTNER commission contribution

Izzy Marker
Posted

We formed an LLC to flip houses - Partnership is 50/50. Partner #1 funds 100% guarantees loans and handles all the bookkeeping. Partner #2 married couple: W is the buying selling RE agent on every house in LLC and Husband oversees contractor/project.   We talk daily and make big decisions together...   

Note: LLC has bought/sold $12 million over the last year with and made a profit of 650,000 (without any of the partners RE commission contributed to the profits)

Going forward Partner #1 wants the RE commission to be included in the profits - less a flat fee to her.   We would really appreciate some ideas on how to structure!!

Loading replies...