Ellen Brodsky
What percent split is reasonable for fix and flip?
Hello all, If I partner with someone where I fund a SF fix and flip completely and my partner manages the reno, what percent profit split would you recommend? Thanks!
Dennis Walter
Seller Financing Deal Advice & Closing Cost Questions
Hi,I am looking at purchasing a 5-unit property from an owner with seller financing in the state of Pennsylvania. The building is owned free and clear. Both the owner and I are unfamiliar with the process of being i...
Jenny L.
Need CPA insight on this deal structure/tax implications
Looking to tax pros for their input on this -- thanks in advance for your help! We are trying to find a way to creatively finance a rehab and resell deal.What we’re thinking would be structured like this:Elderly mothe...
Ray Slack
Question about MAR contract Buyer & Seller closing fees
My questions is on the MAR contract the clause that deals with how closing fees are split between the buyer and Seller. The clause is below: I would interpret this to mean that unless there are any title defects or ...
Jared Townsend
Financing for two homes on one property
I am looking at making an offer on a property that is zoned for single family but has two SFH dwellings on it. I am concerned though that after stabilizing it the property may not appraise high enough due to a lack of...
David Zickafoose
Bringing on a partner
So I'm just starting off, and I'm looking at a few properties. I mentioned it to a few friends, and one said she'd be interested in joining the venture for the property. She lives across the country, and the propert...
Daniel J.
Is it a Lead or a Deal?
It has been mentioned several places, including on the podcast, that one way to up the ante when you are looking for a mentor is to come with a deal in hand as a way to give them value for working with you. My questio...
Aric Yuji Harris
How to do a Condo Property Regime in Petaluma, CA?
Hello, I'm looking to sell a home with a detached converted carriage house but due to family issues, the converted carriage house cannot be sold. I looked into subdividing the lot as well as implementing a life estat...
Jasmin Dover
Investment property advice needed
A friend purchased a single family investment property that he currently owns clear and free that needs some repair/rehab work. If I qualify for a conventional loan, will I be able to use the loan to do the rehab wo...
Kristel Daugherty
Promising Partnership turned Profit sucker!
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $200,000
Cash invested: $70,000
Sale price: $425,000
First joint venture / partnership and basically a lesson-c...