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All Forum Posts by: David Zamarron

David Zamarron has started 5 posts and replied 53 times.

Post: Michigan Delinquent tax foreclosure

David ZamarronPosted
  • Real Estate Broker & Investor
  • Mount Pleasant, MI
  • Posts 53
  • Votes 22
You could take on an equity partner. He/she could provide the capital to pay the taxes, etc in exchange for a share of the equity on a flip or equity and cash flow if you hold and rent.

Post: HUD Home Repairs

David ZamarronPosted
  • Real Estate Broker & Investor
  • Mount Pleasant, MI
  • Posts 53
  • Votes 22

Shaun: I broker HUD properties in Michigan regularly and this typically means the house needs new paint rather than a serious problem with lead paint.

Post: I have private investors (friends) wanting in. How do I incentivize them

David ZamarronPosted
  • Real Estate Broker & Investor
  • Mount Pleasant, MI
  • Posts 53
  • Votes 22

Giving up 50% of the potential profit should be an extreme last resort decision if you have no alternative. You should factor in your time and efforts to locate the property, your overhead to run your business, etc.as you contemplate what to offer the investor. Your challenge is to make your potential investors understand this then you can negotiate a more favorable split like 75/25 as Leon suggests.