All Forum Posts by: Aaron Peterson

@Heather Rodden I would choose the second person. It’s expensive to turn over units. And always always find out how they treat their current living space.

thanks

Can anyone tell me the best way to structure a joint venture with a silent money partner?   In other words, if I have a private lender who wants to invest their cash in my fix and flip business, what is the profit split on one deal.  I'm trying to stay away from offer them interest on their money.   I want to do it on a per deal basis.   They provide the money for the purchase and the rehab.....and I do all the work.   I've heard some say 50/50 while I've heard others say 70/30 (money partner gets 30% of net profit after the property sells).   Any thoughts?   

@Jill F. Thanks so much! Very insightful! How have I paths not crossed already?! Thanks again

@Bill Brandt thanks Bill

@Bill Brandt I wish I could buy brand new appliances. You’re blessed

@Jill F. Akron OH

If I have a tenant who is month to month, can I send an addendum for them to sign that says owner is no longer responsible for repairing or replacing appliances? I am managing 15 doors from out of state and I’m learning that replacing appliances is not the easiest thing.

@Dennis M. Yes yes yes!!

@Jacob Sampson thanks.....yeah it’s the rule here-water bill stays in owners name. It’s crazy! And they are section 8 so they don’t pay their own rent.