All Forum Posts by: Nick Valletta

@Luke H. - Thanks Luke! Appreciate the advice. Hopefully we'll be able to get this done soon and I can share the results.

Hey BP - I hope everyone is well. I recently stumbled into a good investor/friend that really wants to complete a deal with me. We are now financially in a much better place and thinking we want to jump right into apartment complexes. 

My first hurdle is I want to create a very well constructed business plan and tie that into a very well structured deal among the partners. Clearly defined roles, percentages compensation etc. I also want to have the ability to have third party investor be involved with this deal. My question is can someone point me to some great resources / give any advice regarding the structuring portion of the deal and how to best handle multiple skill sets and personalities in a deal that is relatively higher in value? Any advice would be greatly appreciated! Thanks all.

Nick

Hello,

I was wondering if anyone could shed some light on the following scenario. I am currently using Wave and/or Zipbooks. Basically trying to find the best solution for the following:

1. Lead comes in

2. Close Deal (We'll say one month commission on a $5,000 / month unit) = $5000 gross commission

3. Invoice client for $5,000 - Receive check, cash etc

4. Give $5000 to broker, keep $3500 (70% commission rate)

Essentially what I want to do is track gross revenue, aka $5000 for this rental but I also want to know my net which is $3500. It would be the same for a sale too. $1,000,000 apartment, at 5% = $50,000 * 70% = $35,000. Gross revenue $50,000. What would be the best approach to do this in Wave Accounting or is there a better option? Thanks in advance!

Nick