Rehabbing Questions
Hello everyone,
I want to get started in real estate investing by rehabbing homes.
I have 6k to invest and my FICO is at 600 and getting better with time. I have a partner with excellent credit (740 FICO) who is willing to secure a mortgage if i find a profitable flip.
I also have another partner who just started his own company/corporation and is currently working on his first flip through an experienced investor.
My questions are:
What is the best ways to structure a deal/agreement with my partner with credit? Should we split the profits 50/50 or should my partner get more since their securing the mortgage?
Can i use my partners corporation when buying, fixing and selling flips? If so, in what ways?
Thanks