All Forum Posts by: Mickey Russo

It looks like my approach to this deal is turning out to look like this....

The current home owner has agreed to let me pay for the required renovations (around $16k) to sell at the ARV. I have a another investor who said they are willing to finance the renovations for a split of the profit when I sell at the ARV. My question is...How do I structure this deal on paper?

The result I am after essentially is, the seller and I split profit 50/50, then I split my portion with the other investor 50/50. Obviously he'll get his $16k back plus half of my profit...

So again, how would I structure this on paper? Anything anyone could offer would be much appreciated!

Thanks in advance BP community!

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I'd say your diet is probably more important albeit the occasional heart rate increase and  dopamine production is extremely valuable also.

The simple answer is: No.

It depends on what kind of goals you have and what you're trying to achieve.

@Latham Hawkins, A good way to learn from someone is by adding value to their business. For example, if I wanted to learn from someone how to wholesale, I'd approach them and ask if there was a way I could help them in their business. Whether that's making calls, knocking on doors, evaluating deals, etc..."

Another way you could learn is by contributing some capital to an investment if it's structured to utilize cash, in exchange for a smaller return, but you get to learn the process.

Hope this sparks some ideas for you! All the best!

@Son D. I'd say no real connection other than if a property sells for more than the assessed value, the sale price can sometimes cause the assessed value to increase.

Done.

@Chelsea Gray. Let's connect.

@Luis Alvarez, I have a lender who is very investor friendly (he invests too). I've used him for years, both for my own personal and client lending needs. If you'd like his contact info let's connect and I'll put you in touch with him. Thanks!

@Kathryn Dunnivant, Hi and welcome! What are the areas you've considered investing in? Have you looked in the west side of indy? Like Hendricks County area?