All Forum Posts by: Margie Brooke

A friend and I are flipping two houses. 100% of the funds for both purchase (paid cash, no mortgage) and the labor and materials are mine. I pay for the staging furniture. The bulk of the labor is done by subs, however we also contribute, make all the style decisions, running around, landscape design etc. The car, truck, etc that we use are mine. What is a fair formula?  We'd like to continue to do one or two houses at a time. 

I have a commercial lease in a building with multiple tenants. A tree (not within my leased premises) caused damage to my leased premises during a wind storm. I had previously told the landlords the tree needed attention as it was causing damage to the roof. The landlords have told me to turn it into my insurance. I think they should turn it into theirs, my agent says it could go either way. If I turn it into my insurance, are they responsible for me deductible?