All Forum Posts by: Miles Warren

Thanks guys, Rick Harmon here is an example of what i have written up currently.....

Investor is silent and gets 6% back on his money with an additional 40% of the final profits

Contractor/Project manager (me) gets remaining budget left over from bid and 40% of the profits

Realestate agent- gets commishion of sale and purchase and 20% of the profits. (also acts as project manager and assists the contractors on all work.

I am looking into getting a contractors license currently and then screaming an LLC.

Myself as the contractor and the investor have agreed I will receive all $$$$ remaining from the bid I put together after all work is completed and the property is sold. We have also agreed that I would have a percentage of the final profits as well but we are unable to come up with a fair percentage. Anyone in the similar type of agreement or any suggestions??

Many thanks!!

Hello,

I was contacted by a friend who wants to invest in flipping houses and me to do the work. He would basically be a silent investor, I would put together a bid to get the work done and pick and choose the work i would do myself and the work i would sub out to other contractors i know and have relationships with. He would fund the entire project from purchase of house to paying subs and materials. We are now at the point we need to write up a contract..... This is tricky and I'm looking for some advice, anyone with thoughts please share!!