Rehabbing & House Flipping
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 13 years ago,
Our companies formula - your thoughts
Wanted to see what your thoughts are to how we do our rentals.
We have an investor - pays cash for everything.
He gets 12% roi and we get $100 per month for rent per property.
So here's how it works
$50k for house and all repairs
$600 per month for rent
Investor gets $500 we get $100 per month
If we have expenses then we both get deducted on our return.
My husband is the general contractor so he gets paid for remodels, etc.
At the end of the year we all get our $ and we can either take it or own more of the company by investing our profits back to company. Right now we have bee in business for three years - we own 12 single family and have flipped two.
On flips we make more.... Investor gets his investment back then we split net 50/50.
Also we provide fridge and stove do you guys provide washer/dryer we thought about offering washer/dryer but for a charge. Thoughts