If you're splitting based on the knowledge, experience and work each party is doing, then you need to sit down and all come to agreement on the amount of knowledge, experience and work you're each bringing to the deal -- and then split accordingly.

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.

To my knowledge, home insurance does not cover accidents during renovations.

We make in the mid 6 figures (W2 income).Advice we are looking for:- 401k, avoid 401k, or contribute what my employer matches- Ira’s- very knowledgeable in Real Estate strategies- minimize our taxes in Retirement- minimize our taxes now.- I’m not interested in anyone selling insurance - I know everyone says not to count on my pension, there is no guarantee, but if there was a measure of likelihood that a company would be able to honor their pension commitments then the conservative private company I work for would be rated the highest.- not really interested in savings advice on our 529 plan.- Nothing against Dave Ramsey, I really like most of his advice, but I think some of it is very basic and geared towards low income earners and people who have been very irresponsible with their money and are trying to dig out.- we have a about $70k to invest from our SDIRA, less if we convert a portion of that to a Roth.- we also will have about $250k to invest from the sale of our home.

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.The site has quite a few tools that can be helpful for new members.

Oh I forgot to mention you can also partner with a seasoned investor and give them part of the deal to leverage their knowledge base.

Would that not be a violation of the HI laws for real estate agency? 

@Chris SeveneyWhen demand is high and supply low........Sometimes, the best deal is the one you pass on.That being said, utilizing creativity, which depends on many aspects, such as knowledge, experience, ability, etc., can lead to returns far above the risk related thresh hold.Since we are unable to find a satisfactory number of commercial notes we can buy at a large discount and restructure, we have done some creative type investments.

The definition of a debt collector under the Washington collection agency law is similar to the FDCPA’s definition.

The only people making money wholesaling are the guys selling the education.Now that we've got the above out of the way let's get into the skills you are going to need to make some serious cash putting motivated sellers in touch with investor buyers.An in depth knowledge of the market.Marketing skills.Sales skills.Negotiation skills.Accurately estimate rehab costs.Understand how to much time it would cost to run a renovation on the properties you are presenting.