Partnership for 1.5% monthly returns

[Une vrai Liberte]

Hello, I was approached by a local investor and he offered me to partner on project with him for 1.5% return monthly by lending him money (5k). I think it is very small but needs to boost my real estate career, I want a better deal with this guy but taking this risk to learn the ropes and how things work in real estate in my area. On the deal, I am allowed to go visit the flips and see how things get done on the field. What advice will you guys give me in order to convince him for a better returns and a 50-50 deals on his next flips. I do have enough finance to spend 40k on each of his future project but don't want to get scam and not learn anything worth. Advice on how to approach him will help me a lot. Thanks for all answers.

[Jon Schoeller]

Hello Une! So it's basically 18% annualized which is not bad at all. Especially since he is going to educate you along the way. I would do exactly what you are doing. Do this first one with him. Make sure you get a promissory note! Then you can invest more and more as you get more comfortable. I am not sure how or if you can convince him of 50% unless you start bringing some of the work to the table. You have to show him you are worth 50% first. Good luck!