All Forum Posts by: Lorenzo Ellington

I am a credit/cash partner. To get my attention, a potential partner needs to find the deal and be prepared to do all the work. That means  having a background in construction, engineering and/or property management is extremely helpful to demonstrating their ability to perform with my money. I do flips and buy & hold. The property always goes in my name and I generally split the profit AND LOSSES 50/50 (always negotiable). Any expenses for material is paid or reimbursed by me so my partners are generally out of pocket only their time (assuming their is no monetary loss). I usually require some upfront money from my partner to ensure my they follow through after I purchase the property. I have a track record and references that prove my partners always get their half and the books are transparent.

I hope my example helps to set your expectations and provides a template for any relationships for which you may get involved.