My question is, does anyone else have a similar business structure and if so, do you take your profits from your flips as a distribution or as wages in the form of paychecks?

This would potentially lock folks into holding onto property, and inhibit the free flow of capital around the real estate markets which are a primary generator of GDP growth.

My main goal is to generate monthly income through buying and holding multi family units.

Hey BP!1. Here are the numbers:ACQUISITION (for purchase price, closing costs, lender costs, escrow costs): $434kREHAB (LABOR + MATERIALS): $102kREHAB TIME: 10 WEEKSHOLDING COSTS (MORTGAGE, STAGING): $16KSALE PRICE: $...

Bigger pocketsBest Ever Real estate investing adviceLifetime cash flowWheelbarrow profits - for multi family Pillars of wealth Creation (coming soon)

I can't predict national markets; so, I invest to force appreciation and generate cash flow...and invest in properties and locations that are less susceptible to negative market swings.

Their name is not on the mortgage but we split the profits.

He is a bit tired of working on this lot and said that he would be willing to let me take on the project (I would have to get the financing and manage it, he doesn't want to get the financing)  and we could then share the profits of the flip.

Personally, if my profits were enough to do it, I would go no coin-op for the reasons you're saying.

I thought it had more to do with proving a timeline of income generation but this makes sense.Yes, please do make an introduction to the local bank.