All Forum Posts by: David Scholl

@Rafael Brown

Seems as if that kind of setup would lend you to wanting to push up the rehab costs which could cut into the profits of your partner. Not sure I'd like that kind of setup. Rosston Smith has the better suggestion, this way both you and your partner are working on the same goal....higher ROI.

So, you get 15% of the repair costs and your friend gets the rest? Sorry, just trying to clarify......

Thanks for the info, encouragement and links, Linval

I will be interacting a lot more on here as things progress and go through real-time experiences and can add value to the topics discussed here on BP. So far, I've just been a good listener :-)

I'm not technically 'new' here as I've been a member for over a year now, but am new in the sense that this is my first post in the BP forum. I've been lurking the BP website, absorbed at least 50 BP podcasts and have listened to a few real estate audiobooks in the car trying to educate myself as best I can before I venture in to the REI business. Last week, I formed a partnership with a great friend of mine who (unbeknownst to me) fortunately already has a bit of flip/rental experience. We are both very motivated on making this a successful business and I can't wait to get this first deal under my belt!

Thanks to all of you who continue to post valuable info on BP and thanks to BP for creating such an incredible forum.