NYC has a very high price point, but if 5 crowdfund portals were to open and focus on even one neighborhood in Manhattan, that could represent 5M capital raised entirely by small contribution, of which that neighborhood would probably swallow up and ask for more.My point being, even the people setting up these portals can benefit and carve out a niche as 'facilitating brokers' as there won't be one dominating portal running the game like facebook or, shall I say ...biggerpockets?!

So, you would split the 50% portion of the rehabber, and you would each get 25% for that.For the money partner, you will both be contributing, and in different percentages.

Things that contribute to a greater price per square foot are: flooring covered with paint ( I could barely get anyone to even quote me on this and we wound up doing it ourselves), stairs, staining (it is an extra coat), nails poking up, water based finish.

If your goal is to limit the amount of equity you have to contribute personally a lot will likely hinge on a handful of items:1.

I had a potential buyer to basically say that to me once or twice, and I think it's contributing to my rehab not selling now.

It can be opened with a contribution.

And the guy was great, really professional actually. so I did end up contributing a bit to his family income for the year.

In addition, if you are self-employed with no full-time employees you may wish to consider opening a Solo 401k instead of a self-directed IRA as it has several advantages over an IRA LLC such as much higher contribution limits, direct checkbook control (i.e. no need to have the account at a specialty trust company), ability to take a 401k loan, exclusion from unrelated debt finance income tax with respect to investment in real estate acquired with non-recourse financing, etc.In addition, please note if you purchase debt-financed real estate with your IRA, unrelated debt finance income tax should apply to the income attributable to debt-financed real estate held by your IRA.

If rents are higher, interest rates are lower and you're self managing (and contributing your labor for free) that simple rule of thumb doesn't really work.

I hope to be able to contribute to others soon.