All Forum Posts by: Brandon Ribeiro

@Anna Swartz-Lopez Thank you for your input! I will definitely try to find a good real estate attorney and get some ideas on how we can structure this. 

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? 

Would we need to sign anything? 

@Brett Weisman

I’m a licensed agent in PA currently working with a lot of investors from NY and NJ. I’d be happy to help you! Shoot me a message and we can connect!

Does anyone out there use RealScout? It’s provided to us by our brokerage and I just set it up today. Just learning all the ins and outs.

@Francis Pena the market is extremely tough right now in terms of inventory. The investors Im working with are looking at properties in the 250k range because they aren’t looking to do any rehabs. Bucks and Montgomery county are very strong rental markets

@Francis Pena I’m currently working with some other BP members that live in Jersey and are investing in PA. Let me know if I can be of any help!

@John Alosio hi John, welcome to the BP community. If you need any help with finding your next property feel free to reach out! I’ve been working with a few BP members as well as other local investors. I’d be happy to help

@Kat Earle I totally understand that. If I could afford to not have a steady income and do real estate full time as I am now, I 100% would. Unfortunately I have a mortgage and bills to pay, and my savings will only take me so far.

@Shelby LeBlanc I definitely have cut my expenses down. I think I may go the route of getting a W-2 job for the time being. It would make it easier in getting approved for loans too

 We don’t have a specific policy on this, its up to the agent