All Forum Posts by: Ekaterina A Khayrulina

Thank you, Michael and Lydia for your input. I wanted to confirm that it's not only your own money that matters in the deal because that's what he thought. So maybe he is not a right person to partner with :) 

@Brian Gerlach thank you! We both will be managing the project from start to finish as a partners. That's why I think that not only money matters. His deal, my investor plus mutual effort managing the deal.

Hello everyone! Working on my first fix and flip deal with a partner. He brought a deal (through his contractor). I brought an investor who finances the cash we need for downpayment/closing cost (at a low rate of 8% only, no points). I also found a hard money lender who will finance the rest what we need (i understand it's not that hard to find though). 

How would you distribute the profit between 2 partners after we sell the property and pay off our passive investors? 

My partner proposing 90% of the profit to him and 10% to me with both of us putting zero own money in the deal and only using my investor plus hard money.

Or if we borrow less from hard money lender, keep my investor in the game, but I put $20k and my partner put $100k. He is proposing 20% to me and 80% to him. 

I'm not greedy but I want to learn how to play fair in that kind of a deal. I feel me bringing an investor at a lower rate has more value than 10%. 

All your opinions will be appreciated! 

Kat.