- you make 50% of the net profit - that is net less advertising or expensive - so if the expenses are $1,000 you would make $9,500.00 and I would make the same.The expenses are usually the cost of advertising the property for sale.So............... it you are ready to begin creating leads - this is what I suggest you do ---Farm neighborhoods to look for FSBO's, send me as many expired listings as you can in the neighborhoods where we are going to invest, Go to housing court 2-3 times a week to listen to the cases and meet landlords after their case is called, run some ads in the local papers (I will design the ad for you), get me a list of all the local auctioneers in the community, put flyers on super market bulletin boards, ask 5 people a day if they know of anyone interested in selling their real estate.Look for commercial and business real estate for sale - get me all that information and we'll make a call to get information and make them an offer (you present the offer for us)Later in the "Mentor - Apprentice relationship we will advertise on radio.Any questions?

I had a tenant that asked for a $50 per month discount if she mowed the lawn. 

I love the concept and am looking to purchase a home to list on Airbnb but I want to know the rules Houston has before I jump in.

.-  Monthly Expenses:  taxes: $125, water/sewer: $150, garbage $50, insurance: $125, repairs 5% (newer finishes, metal roof), vacancy 5-10% conservatively.-  I'd be looking at a conventional loan (possibly owner contract) with 25% down.  

Rent: $600/ monthTaxes: $45/monthInsurance: Waiting on a quote, estimating $50/moListed for 33,000, I am intending to offer 29 cash deal.Let me know what you think please!

G'Day everyone,There is a rule of life and it goes like this:“Give others what they want and you will get what you want”As corny as this might sound but I have always enjoyed giving more than I do receiving.

You could pay your father-in-law 10% on his money you borrow and then split the profits, but if you are going to work for free you might not want to do the split at 50/50. 

You are not going to purchase turnkey in the 50's in these areas.I am a big proponent of finding good houses in the low to mid 50's.

If your parents give you money, and it's been in your account for 2-3 months (I can't remember if this is lender-specified or a rule that everyone follows) then it is considered your money not a gift, and you don't have to prove where it came from.

I was thinking doing a promissory note which could work for now but eventually I would like to have more 'Funding partners' Also I'm thinking proposing they put 100% of the cash, I put knowledge and skills and my time I would not charge anything to list and market the property and we go 50/50 on the NET profit.