We stand to be around $42k-47k net after purchase price at $80k, fixed cost around, $28k (our first flip we are using line of credit which is costing us a bit... but these cost include all holding cost as well for 4 months), repairs at $20k, with a sale price of $170k-$175k.We are splitting the profit so we are looking at around $20k each.

Rock on!

@Caleb Rigby Nope, I will be doing some flips in the Arizona region, then after awhile of doing that and all goes well I'm going to take those profits and try some buy and holds in possibly the Little Rock region.

We can then split the profit 50/50.Also, if anyone has knowledge of funding sources I would be glad to look that over.Thanks!

Im more interested in gaining the education than the split/fee. 

Split between the lie down and die approach where the belief is when a tenant stops paying you give up and the alternate approach of file for collection but do not ever expect to see any money.I am so glad that neither of these attitudes are part of my business policies.

It will depend on partners rolls to determine split.

Alright here's the quick and Dirty.

I did my first wholesale deal and made $9348.60 I want to 10 X my business and go straight to investing all of that money back into marketing. Is this crazy a good idea or bad ide...

Mine is a 2 pager as well and only has different terminology on how closing costs are split amongst buyer and seller.

The value will drop like a rock.