I know the deal can be structured anyway we want, but I am looking for examples so I can get some idea on what has worked before...For example:Two way (50/50) Flip- Partner 1 provides all capital for buying/rehabbing at prime + 5 (say 9% flat, no points)- Partner 2 does everything else, identifies property, manages rehab, flips property- After project done each partner gets 50% of profitThree way (33/33/33) Flip- Partner 1 provides all capital for buying/rehabbing at prime + 5 (say 9% flat, no points)- Partner 2 does project management, accounting, records- Partner 3 does coordinated all the work required to rehab the property- After project done each partner gets 33% of profitThanks in advance

Here at Carrot we see about 30k real estate investing leads a month come in from our clients 100% online so it's been cool seeing the process that is working for people.

Account ClosedI would just add the repair cost and cap rate to your numbers there.Do you have any REOs/short sales and such in the area?

Account Closed nice deal!!

So I feel 1% allows me to account for a little adjustment)Vacancy Rate = 11%Closing Costs = 2%Selling Costs = 6%Cleaning and Maintenance 0.8%Property Management = 11%Repairs = 8%CapEx = 12%Taxes = 1.2% (I tend to adjust this one frequently, but this is my default)Insurance = 0.5%Other Expenses = 0.1% (my flex money as a "just in case")Initial Renovation Costs = $500

There's conflicting evidence on the first $5,000 for a "passive" real estate investment online and I couldn't tell if the $5,000 rule is only in effect for "active" investments.3.

There is also a cost benefit to writing off some of the expenses you should discuss with your accountant or tax attorney.

Hello BP Fam,Do you want to be my accountability partner?

I found this form online that seems to be sufficient.http://www.cslb.ca.gov/Resources/MechanicsLien/ConditionalWaiverAndReleaseOnFinalPayment.pdfAlso, what do I need for taxes?

I'm considering purchasing accounting software as opposed to using spreadsheets.