All Forum Posts by: Deborah Brancheau

Wow. Thanks so much. I'm really interested in San Antonio and was about to move on a property there. But we just got drawn over to Memphis. I have a friend that's a wholesaler/flipper there and she's doing really well. She's got a property that looks perfect for me right now so we're going to be deciding in the next couple days.

I know I'll be back looking in SA once this property gets listed. There seems to be so much going on there and the environment is similar to San Diego (similar types of houses, wonderful Hispanic influences). I feel like I could live there and never leave SD. ;)

I always need advice and guidance so I'd love to connect when we're ready. Plus we'll have our first flip under our belt so lenders will like us even more than they do now. :)

Looks like the property got sold. But these responses help for the future. I've never had a pool myself nor invested in a home with a pool so this is all new to me. I really like the garden idea but wasn't sure if I should try to save the pool.

I'm looking at a property in San Antonio that has a very dilapidated pool and I'm trying to get an idea of what it might cost to either fix it up or fill it in. And which would be more cost effective. If fixing it costs more but I can the sell the house for a lot more, that be worth it as long as it does take hundreds of months to do the work. I have to say, it seems to be holding water. ;)

Nevermind. I found it. It's under Forums > Followed Discussions.

@Marci Mayes - After I follow a post, where do I find the posts I'm following? I went to my dashboard but I don't see anything.

@Jake Baker - Is this breakdown for San Antonio specifically? I see you're from SD (me too!) and prices here are nuts. I was using a breakdown like yours for SA but I wasn't sure if my "SD mind" was ratcheting the numbers up.

How do most people split the returns on flip investments when it's part of a joint venture and one party is fronting the money while the other is doing most of the work?

For example, if Party A is investing 30% of the ARV but Party B is doing all the work (e.g. managing the purchase/escrow/closing, vetting, hiring and managing the contractors, overseeing the rehab and marketing the property for resale), what would be a reasonable percentage split of the profits?

It's important to remember that Party A is NOT a hard money lender. If the project goes south, they lose their investment. The risk from Party B, seems to be in opportunity costs regarding their time.