All Forum Posts by: Allen Holmes

I'm analyzing my first multi family (16 units).  The numbers seem like they work, but feel like I am missing something or somethingS.  Would anyone be willing to walk through it with me?  Thanks in advance for considering.  AJH

@Joe Prillaman I got the alert.  Will plan to come when schedule allows.  Thanks for setting this up!  AJH

I'm new to the real estate game.  I'd like to join in on this meet up on Saturday, the 2nd if that's ok?  AJH

I have a friend I am partnering with to flip some houses. I'm bringing money to the table. He is a contractor and is bringing time and expertise of handling the rehab. We plan to start with splitting profits 50/50. I have a real estate LLC and we don't want to start an LLC together at this point so we can go at it 1 deal at at time. We are trying to figure out terms to put in a partnership agreement between us. Any guidance would be helpful? Thanks in advance. - AJH

@Jameson Sullivan just assigning contract. Wholesaler acquired for $68k. Assigning to me at $95k.

I’m looking to fix and flip a house I found from a wholesaler. They just sent over the assignment sheet and the spread is $27,000 on a $95,000 purchase price. Seems like a really big spread Am I paying too much? Does it matter if the numbers work?