All Forum Posts by: Khaled Helmi

@Stan Hailes - still looking for JV partners. I'm interested and looking at deals in MD so let me know - thanks!

Khaled

[email protected]

Actually not looking for loans, but rather JV partners via equity in the deal. Share in the gains (and hopefully no losses =p)

We already have our LLC and trustworthy General Contractor working with us and we're strictly looking at flip deals. We'll take care of the work and at this point are primarily looking for possible JV partners where we draft up a JV agreement (between our LLC and the partner), purchase the property, rehab, and sell and then distribute the profits and terminate the JV.

We're already funded but some deals require more than we currently have and rather than frantically seeking extra investors at the last minute, we're looking to have partners with committed cash whom we can draft the aforementioned JV agreement with.

In a nutshell, the details are that our GC works on profits only (no time here for the details of the arrangement) so we split the profits with him essentially 50/50 - he makes no money if we make no money. For any JV partners we would be working in the same fashion.

If you're interested in more details please contact me on BP and we can talk further.

Thanks!

Khaled Helmi