the right way to build the business for a out-of-state investors

[Yoni Rozenstein]

HELLO BP.

I appreciate your time for reading my questions.

I’m relative new to BP, my name is Yoni ,30 years old , married. by profession I’m industrial engineer for 3 year, Turned into a real estate investor.

My goal is to build long lasting financial real estate business Beginning with aquirering the knowledge necessary to make smart investing decisions and networking with the right people.

For the first years I plan to build capital by fixing and flipping houses, then add buy and hold properties as funds become available.

I’m aspiring real estate investor, I’m almost ready to start buying, I have my financing approved and now I’m just looking for the right way to start.

Because I'm out-of-state investor, I need to work with a Partner/JV/Agent/Team how will help me mange the project - find great deals, submit offers, negotiate, help navigate the due diligence, closing process, rehab and selling.

To the best of your understanding – what is the right structure to build the business , when most of the time I’m gone be out-of-state (will come to visit twice/three per project)?

1. 1.Partner with someone – “Equity investors” –lend money in return for some fixed percentage of the investment and profit.
2. what is the percentage that custom to work?Drawbacks – I will shadow the project and will not study how the process)

1. 2.Maybe work as a Private Investors – for 8%-12% percentage from the profit.
2. Drawbacks –on long run, I’m wont to build business base on other Private investors. So it’s not a good option.

1. 3.Build my team – Good Buyer’s agent, GC, Inspector et (cant understand how to do this from far away).

Drawbacks – very hard to build team far away.

I will be grateful for your help to figure what is the right way, and add another solutions.

Thank you very much.

Yoni R.