All Forum Posts by: Jimmy Hong

Shawn, is your partner a silent investor? Who found the property? Are you investing any money into the deal? There no standards on partnership profits. But a lot of people on BP agrees if you do all the work including finding the deal, and your partner only invests the funds, then 50/50 split of net seems fair. 

Congrats Jay, thanks for updating us on your first deal. Let us know when you close. 

Find your deal first, that will help determine how much % or wholesale fee to achieve.  

Welcome @Chance Cooper , BP is a great place to start.  I've learned so much here, you will too.  Good luck.  

I use padmapper.com.

Congrats @Anil Samuel , I'm still on the fence about going for a license but you are definitely motivating me.  

I agree with @John Van Uytven , its good to reach out here in BP but also physically attend your local REI club. I've met a lot of investors combined with the information here in BP that helped me out tremendously.

Thanks for the helpful advice @Sylvia B. . A lot of properties I see have popcorn ceiling.  

@CHRIS MITCHELL , have you been to your local real estate meetups?  I'm sure you'll find some investor friendly contractors and other investors as well.  

Portfolio lenders don't require maximum of 4. Also, I recently spoke with a community bank that offers heloc on free and clear property. You should call more local banks.