Updated over 4 years ago on . Most recent reply
Working with a partner?
Hi everyone,
I have been out of the wholesaling game for a couple years and in that time had the best and worst job I've ever had. Best, because I loved the JOB worst because the owner I worked for was a total narcissist. I walked out several weeks ago and have been prepping to jump back into real-estate. Randomly the owner called me with a business idea. He wants me to be the project manager with a couple commercial properties he's developing because he does not have the time to communicate with the architect, engineer, someone helping with the zoning that has connections to city council and the land development commission. I hesitate to work for the man again but the people that I would be making connections with would be amazing resources and great connections to have.
He also wants to source some residential to buy and hold as well as flip. He'd like me to source the properties. He asked me to present him with a pay plan for commission by scenario. Even offered me part ownership in the ones he decides to hold. ANY advise on how to structure this and protect myself would be much appreciated.