All Forum Posts by: Brandon Ribeiro

I was contacted by a young, hungry for success college grad that wanted to see how he could help me in my real estate business in exchange for knowledge and mentor ship.

He connected with me on here (BP) and is located in NY while I am located in PA.

How could we work together efficiently while being remote for one another? He is saving up money for his first rental property. I was thinking of hiring him as an assistant and could give him lists to call off of for potential investment deals or even listings for my real estate agent side of my business

@Steve Vaughan great, thank you. Are there any specific strategies that you have in mind with this type of scenario?

@Steve Vaughan so what are you suggesting?

@Kerry Noble Jr he said he wants to figure out the capital gains tax before arriving at the net we each get. So I guess we would have to see a cpa about that

@Kerry Noble Jr can I just get my cut at the end of the project? 

@Miller McSwain I agree. He proposed the idea of structuring it so that he gets 10% return on his total investment since he will be funding the entire deal- then we split the profits 50-50

So, I may have found myself a financial partner. Basically, he has all the money, and I have all the time.

He currently owns 18 properties and is a Doctor, with very little free time.

Basically, I proposed to him that we could start out with a small, cheap flip- where I would find the deal, off market or on market (I am a full time realtor) and I would manage the entire flip from beginning to end, then could list the property since I am a realtor too. We would be looking in the Philly market.

How would you recommend structuring this partnership?

Anyone have any recommendations for a good, fast contractor for flips in the Philly area? 

Anyone have a good real estate attorney they would recommend in the philly/Montgomery county areas?