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All Forum Posts by: Paul Ladendorf

Paul Ladendorf has started 2 posts and replied 3 times.

Buying & Selling Real Estate

Post: Profit Percentage When Partnering on a Deal

Paul LadendorfPosted
  • Posts 3
  • Votes 0

This will be my first house rehab/flip. I found a good deal but its a way bigger project than I want to manage so I approached someone about partnering. I will be financing the deal. Normally I would offer a 50/50 profit split, but since I spent a lot of time to find the deal, I'm going to offer 60/40. Do you think that's reasonable? Thanks. 

0 Votes
Buying & Selling Real Estate

Post: Rent way higher than market value

Paul LadendorfPosted
  • Posts 3
  • Votes 0

I'm brand new to buying homes. I'm in the Chattanooga, TN market btw. Here's what I've seen more than once. A house that rents for $850 plus a mobile home that rents for $500. The market value of the house and land to a prospective homeowner is about $70k. The market value of the mobile home is about $15,000. But because the seller has $1350 in income, he wants $125,000 for everything. He bought it 2 years ago and has about $80k invested. Can't get myself to even offer him $100k. Am I not thinking clearly here? Thoughts are appreciated. 

0 Votes