All Forum Posts by: Omer Netz

 Yep this is the scenario, the son is key to get a good deal, parents don't want to be involved or invest a penny they just want out. I will have to bring down the price as if there isn't anything built on it to reduce my risk, hopefully it's doable. What share from gains would you give the son?

I think that this where I can shift the risk to him to, i buy the lot for under market value where no one would be able to get the deal at this price and he gets the project plus additional gains when the house is sold, I can have agreement where he loses his gains if he doesn't deliver or even gets his job value decreased that way he is also in a position where he must deliver.

Thanks for the answer, but he isn't the owner he is the son of the owners and they want to sell now, so the deal will be to buy for a low price that takes into account the renovation, risk, expected gains, closing costs, interest etc., I will fund 100% of the investment he will make sure the deal happens for the right price.

Hi,

I am interested in making my second deal, I came across a rare opportunity that is a little complex. The homeowners want to sell the house because there is a problem with the foundation of the house.

The homeowners just want to get rid of the house but their son suggested that we have him fix the problem and do some reno as he is a contractor and I will be the investor. His contribution is making the deal happen and managing the project which I believe will be successful as he knows exactly what needs to be done. How would you break down the earning assuming his not investing anything (not because he doesn't want to)?

Thanks for your help!

Hi,

I am interested in making my second deal, I came across a rare opportunity that is a little complex. The homeowners want to sell the house because there is a problem with the foundation of the house.

The homeowners just want to get rid of the house but their son suggested that we have him fix the problem and do some reno as he is a contractor and I will be the investor. His contribution is making the deal happen and managing the project which I believe will be successful as he knows exactly what needs to be done. How would you break down the earning assuming his not investing anything (not because he doesn't want to)?

Thanks for your help!

@Omar Khan I am looking for any type of investment that can generate at least 15%~ IRR YOY can be a property sold under market value and hold it for while, a property at a developing neighbhood, a fix and flip...I am open minded and ready to work hard to find it but if pricing are going downwards is it wise to stay in this market, would you just have your money working for you somwhere else, maybe in the US.

I have made one investment already and looking for the second one in the British Columbia area, are there any opportunities out there? Realtors I speak with tell me to go look somewhere else or wait until prices start to rise again.