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Updated about 7 years ago, 09/11/2017
Partnering with Cousins on Flips
My two cousins own a successful cabinetry/remodeling business. They are trust worthy and do an incredible job
They want to get into business with me flipping homes.
I'm ready to pull the trigger, and have money for down payments, however:
How would I structure a deal with them?
I guess I would get the loan on the property, and they would receive the money set aside for the GC on the rehab plus a 50/50 split when the property sells? Does this sound about right? Would two men be able to do more than a couple flips a year?
Thanks.