All Forum Posts by: Rodney Robinson

this looks like great work. how long did it take to finish? and how many people worked on your team?

Welcome Patrick!! Id love to hear more about your projects and experiences with your rentals. When did you start?

That is a beautiful and thorough transformation!

This is very inspirational. I am excited to see young people doing this. Kids usually dont do this stuff with their money. It shows that it is very well possible to pay cash for good investments. Shes starting small and I am sure she will be awesome.

Thanks everyone for the warm welcome. I am glad to be so welcomed into the community.

Brandon Turner I plan to begin investing in rental properties over the next few years.

My name is Rodney and I have been browsing the forums and blogs for a while. Definitely looking to learn and engage in the community. Thanks for all of the valuable expert knowledge. I look forward to the growth in my knowledge of REI.

Eventually looking to buy a few rentals.

I am a newb with no experience. However:

As already stated, ownership should not even be in question since he didnt put up anything of value.

My belief is that if he was truly concerned and wanted to see you do well, he would coach you and be less concerned about getting fees or ownership off your deal, especially if he is good enough to make money with his own investments. I am sure that he could very well be a nice and creditable mentor; however, 50% ownership sounds like you could be shortchanging yourself since you could outright completely own it and seek other PMs if you need those services.