If you HIRED a PM, then sure, the 5%/5% split between partners would make sense but since YOU are paying the full 10% in the form of labor (executing the job duties of a PM), that should come out of their end.

We added a room and just had the final rough inspections on it and now we are giving her a price for demoing out that room... she has a vision for the house that is nothing like what we were executing so in the end everyone will et what they want.

Wed love to execute the BRRRR strategy.

Learn the keys to selecting the right area to execute this deal in. 

@Walter EllisCongrats on the successful plan execution with your property!

Upon letting the end buyer know that the closing deadline has been extended in case the ITIN and FIRPTA won't get on time, the end buyer threatened that they have been patient long enough and will require either:1) addendum to include an allowance for an extension of a per diem charge of $100 past the agreed upon 12 week date.or if I do not agree with this, 2) they intend to place a lien for the "executed labor" that has already been completed.Key notes are: 1) No one allowed the end buyer to do any work on the property and; 2) I just checked the property this week and there are no significant changes or improvements on it.

I think I have a good overall idea on how to execute these type of deals however I do have one question/ concern.

I think I have a good overall idea on how to execute these type of deals however I do have one question/ concern.

Once your LOI is accepted, then the real Purchase and Sale Agreement with terms and conditions acceptable to the two parties is executed

The more equity you have the more vulnerable you are.