First, the term sheet came with a limited time offer incentive (which we had been told was good for all of August, but it was only 'good' for three days).

With an equity partnership we would traditionally structure it with three fee components.Acquisition fee- for your work upfront (1-3% of total deal paid to you closing)Asset Mngmt fee- for your day to day work. (1-2% of gross rents collected paid to you monthly)Cash flow- split to you and the investor. 

In the discussion that ensued he laid out property condition spectrum with three distinct points of reference: Fully Performing; Value Add and Rehibilitation Condition.  

I offered a 50 50 split in one scenario (it closed and the reno's are moving along fine) and I am working on putting an equal three way split on another deal.  

Originally posted by @Daniel Smith:@Nathan Eberly:@John Horner: I never thought we would have three BG people in one thread, let alone bigger pockets!  

I've only been in business a short while, but own three rentals.  

Three owners emailed management co. regarding conditions of parking lot.

I signed up for all three.

Make sure you buy it in an LLC so the fines dont go to you just in case.You'll have a month or three to do full due diligence, which is good because you want to be super thorough, but the numbers work well enough for the extra hassle with what little you gave us.

I'm looking at a long, skinny rowhouse that's currently configured as a 2 unit, but could probably be reconfigured for three units for either rental or condo conversion.Several of the existing bedrooms have their only window into a shaft that I'm pretty sure was put there explicitly for the purpose of allowing light into the house.