In my eyes, it's fair as even though I'm fronting the capital, the split in equity is worth it as it gives me more time to run my other business, plus we can do things faster with two of us, plus at this point of my REI journey, I don't have the skills/experience (yet) that he does with the construction side and for him, he values not having to manage the finances.  

I love hosting and have tremendous passion and attention to detail with property management that seems incredibly hard to find those sorts of proactive skills in people when looking to hire for my own rentals. 

But at least I brought in a partner for the flip who had done those locally, in CA, and was also a financial/accounting professional - experience and skills I lacked.

This transaction showcased our effective renovation strategy and project management skills, resulting in a substantial profit.

With a background as a Navy Supply Corps Officer, where I developed strong skills in leadership, project management, and financial operations, I am now dedicated to using these skills to make a meaningful impact in the real estate industry.

This transaction showcased our effective renovation strategy and project management skills, resulting in a substantial profit.

Just like everything else in life, get started, keep honing those skills (i.e. keep reading, keep learning, keep attending the meetups) and watch yourself get better and better witch each property you buy.I hope this helps and good luck on your real estate journey!

There is an amazing difference in knowledge, skill, and experience between long term agents with whom real estate is their career (life) and the agent whose in real estate because he’s a career SALESMAN selling the hottest thing; you know, the guy who’ll be selling oil well drilling participations next year, and advertising services the year after. 

Others like the low cost of the mid-west and have the, skills, time and energy to manage a project long distance.What strategy to deploy will depend on your goals and what your skills, lifestyle, and capital allow you to accomplish and the balance of those 3.

Unless new companies move into the city and create replacement jobs that pay similar wages and require similar skills, the only available jobs will likely be service sector jobs, which pay significantly less.