Updated about 9 years ago on . Most recent reply
Structuring a Deal to include my contractor?
Hi BP!
As I continue to grow my BRRR strategy, the risk I'm taking on the renovation side is ever increasing. Some of the renovations I'm looking at are well into the $300k range, which for a small time guy like me, is a fair chunk of change. I want to bring my contractors in to the investments with me, so they have some skin in the game too.
Does anyone have experience in structuring deals which include their contractors? Do you have them on title? Equity partners? Profit sharing? I'd love to hear strategies that have been successful for other investors as well as those that have not worked!
Cheers,
Ming