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All Forum Posts by: Account Closed

Account Closed has started 17 posts and replied 474 times.

Post: 1st Wholesale Deal Netted $10,000 Profit

Account ClosedPosted
  • Investor
  • United States
  • Posts 565
  • Votes 356

Great job!!! But don't forget to put some of it aside for taxes.

Post: Looking to start LLC to buy flips with some partners.

Account ClosedPosted
  • Investor
  • United States
  • Posts 565
  • Votes 356

Post: Structuring private money funding

Account ClosedPosted
  • Investor
  • United States
  • Posts 565
  • Votes 356

Phillip,

Have you thought about structuring the deal as a partnership where your investors will receive a preferred return along with a share of the equity? This way (depending on the deal) they could take advantage of larger returns, appreciation and potential tax benefits.

Post: How does a newbie find a good hard money lender?

Account ClosedPosted
  • Investor
  • United States
  • Posts 565
  • Votes 356

Christopher,

Check out this BP podcast. There's a lot of valuable information that may help you resolve this situation.

https://youtu.be/6mNu6S-ZHWU