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19 December 2024 | 55 replies
If they talk about "halting distributions" to investors to focus on future business growth and profitability, what is their actual business plan?
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17 December 2024 | 36 replies
I prefer deals where the syndicator gets a fixed % of the profits.
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19 December 2024 | 22 replies
Profitable and stable are two words that have a negative correlation.
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28 December 2024 | 24 replies
You can really pick where you want to be on the "comfortability to profitability" scale here where I felt like those options in most markets were limited. 3) it's a great place to live all-around.
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17 December 2024 | 5 replies
There are companies who buy properties and flip them for large profits each month.
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28 December 2024 | 23 replies
For me, it's about practicing Cooperative Group Economics: It's not about me maximizing my profit, by rather about me maximizing the benefit to my community.
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17 December 2024 | 13 replies
If it pencils to a 25 to 50% profit or COC don't do it.8.
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28 December 2024 | 8 replies
I had taken the entire profits from this flip and I reinvested it 30m away from where this contractor lived (DFW) where I myself, live in Wisconsin.
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17 December 2024 | 16 replies
Structuring the Deal with a PartnerWhile your partner cannot directly participate in the loan, there are ways to structure your arrangement to reflect your 50/50 partnership:Option 1: Post-Purchase Equity SaleYou obtain the 203(k) loan in your name as the owner-occupant.After closing, you sell your partner 50% equity in the property via a quitclaim deed or similar legal instrument.Your partnership agreement would outline each person’s roles, responsibilities, and share of profits.Note: Be mindful of FHA’s rules around title changes and ensure this doesn’t violate loan terms.Option 2: Partnership Contribution AgreementYou both contribute to the down payment and renovation costs as outlined in a partnership agreement.Your partner’s contribution could be recognized as a share of the equity in exchange for funding, services, or property management.The partnership agreement would detail how profits, responsibilities, and equity are split.Option 3: Joint Venture AgreementStructure the deal as a joint venture, where you own the property personally (required for the FHA loan), but profits and roles are split per a formal agreement.Your partner could receive equity-like compensation through profit-sharing without being on the title.3.
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18 December 2024 | 7 replies
I would want to see if you could partner up with someone and split the profits 50/50, 60/40, or 80/20..