Referrals are by far the most efficient, economical and profitable way to do business.

my business has currently done 1 flip and we are wondering how much we should take from the profit?

I am a small business owner, business is not doing too well right now so that’s why I’m looking at an all cash buy, so I can get a nice cash flow to supplement.

In our 'day job' business of remodeling we have stayed just a partnership with an LLC.

The LLC is there to protect you from liability when doing business by SEPARATING your business from your personal.

Use these templates, worksheets, and checklists as a starting point to specifically tailor them to fit your property or your business.

After that, make a business plan to execute on your goals. 

BUT, my business was built on being kind to tenants, and fair to owners.

Many other projects have reduced or suspended planned CF distributions and I've also had a few capital calls in which I did participate since the business case still made sense (the MF in Florida had a capital call to finish construction and get through stabilization and it still returned the 32% IRR).I expect almost all of the deals to be OK, just later exits than originally projected.I am very concerned about one project and have already written it off in my head.  

Quote from @Scott Morris: Quote from @Joshua Espejo: Quote from @Haidee Rivera: Hi everyone, looking to get into the land flipping business, but am a complete newbie.