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Updated about 10 years ago on . Most recent reply

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Hussein Al-asadi
  • Visby, Gotland
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How do investing/partnering work?

Hussein Al-asadi
  • Visby, Gotland
Posted

Let say i find a good flipper whom have a good record, and this flipper need money to flip houses. If i provide the money how does the deal work? Do we split 50/50?

Can i get into these kind of deal from sweden or do i have to be in the US?

If anyone knows how i can get into these kind of deals it would be of great help :)

Most Popular Reply

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Crystal Smith
  • Real Estate Broker
  • Chicago, IL
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Crystal Smith
  • Real Estate Broker
  • Chicago, IL
ModeratorReplied

@Hussein Al-asadi  I guess the rule of thumb is those who provide the cash make the rules.  Your money, your rules.  Everything is negotiable.  

How do you get the deal done from Sweden?

  • Find a real estate attorney in the city where the flip's occurring
  • Draw up a Joint Venture agreement or have the attorney draw it up; 
  • Have the flipper sign the agreement.  The attorney could record the agreement, a mortgage, a notice of interest.....  All depends on the state
  • Escrow the money w/ the attorney to support the flip 

There's naturally more detail but this is the route I would take.

  • Crystal Smith
  • 3126817487
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