How to structure flip business

[Christine Kosoff]

We (my family) are already in the construction business and looking to expand into the flip business. We have one person looking to invest with us, one family member willing to take out second or HELOC for the remainder of the funds, another wanting to do most of the work, and myself that would run the money, and day to day business operations, design ect. How would you structure the company? The family member who wants to do the work wants to be paid for their time but also wants to be part owner but can't invest $. Investor does not want ownership but what type of ROI is common? The family member putting up remainder of cash wants ownership. Do they get same ROI? I'm not sure how to broker this deal for best outcome for all. The denver market is ripe for flipping.

[Rodolfo Canon]

Christine,

I have done almost 70-flips in the Denver market and built and sold over $67 million in townhomes over the last three years. If you would like to chat, give me a call. Canon Property Group @ Your Castle Real Estate