All Forum Posts by: Greg Berney

Hi all, I'm getting ready to partner on a flip with a good friend. We are both bringing money and experience to the table, though neither in equal amounts. We plan for this to be an ongoing partnership. We plan to have to create an LLC that will purchase the property. We want to do equal work on the project, and have the returns be commensurate with the amount of capital invested for this project and future projects, i.e. if we net a 30% ROI, we each get 30% ROI on what we individually put in at the beginning. The concern is having to identify % ownership in the LLC at the beginning knowing that will change over time and for different projects. What strategies have others used for success with this?

Awesome, thanks Fisayo!

Will do, thanks Adam!

I'm in Greensboro and doesn't look like there is a local meet up of BP folks. Anyone interested in getting together and discussing REI? Reply with your interest and I'll be happy to organize!

I love Ali's advice...start small, but most importantly, start!

Hey Janel, I'm on the ground here in Greensboro. The realtor I'm working with (who helped me buy my primary residence last year) works on a team that does a lot of investment properties - his team leader currently holds 20+ single families/duplexes.  Would love to connect with you to see how I might be able to help you here locally.

Thanks Dave!

Greetings all! Really grateful to have learned about BP. I'm Greg Berney from Greensboro, NC. I am a leader in a large area health system, and brand new to real estate investment. I am excited to learn the ins and outs of investing, and interested primarily in buy and hold single family or duplex homes, as well as flips. Appreciate getting to connect with you all!