Brokers in Charlotte NC

[Jim Davis]

I'm new to investing and  I asked an investor can I partner up with him on his next flip. He will purchase the property and I will  I put the money up for the rehab. Here is what was presented to me. Does this sound like a partnership or a private lender?

USING 30,000 WITH A 20% RETURN AS A STARTING POINT WE WILL ILLUSTRATE HOW THIS WILL WORK FOR YOU.

$30,000 (HOUSE COMPLETED AND SOLD 6 MONTHS) 30,000@ 20% =$6000PROFIT
( ROLL OVER MONEY INTO NEXT FLIP)

36,000(HOUSE COMPLETED AND SOLD 4 MONTHS) $36,000@ 20%=$7200 PROFIT
( ROLL OVER MONEY INTO NEXT FLIP)

43,200 (HOUSE COMPLETED AND SOLD 6 MONTHS) $43,200@ 20%=$8640 PROFIT
( ROLL OVER MONEY INTO NEXT FLIP)

$51,840(HOUSE COMPLETED AND SOLD 7 MONTHS) $51,840@ 20%=$10,368 PROFIT

30,000 INVESTMENT 23 MONTHS $32,208 PROFIT

From the above illustration thirty thousand dollars would have produced a
$32,208 dollar profit in 23 months.

LETS TAKE YOUR INITIAL 30,000 AND ADD IT TO YOUR 32,208 PROFIT = $62,208.00
NOW YOU ARE READY TO FLIP YOUR OWN FLIP.

YOU ARE NOW ENTERING INTO YOUR THIRD YEAR OF INVESTING. THE AVERAGE PROFIT FROM A FLIP WILL BE AROUND TWENTY THOUSAND. WE WILL ILLUSTRATE HOW THIS WILL WORK FOR YOU.


3RD YEAR: STARTING WITH $62,208 FLIP 2X PROFIT IS 40,000

4TH YEAR: STARTING WITH $102,208 FLIP 2X PROFIT IS 40,000

5TH YEAR: STARTING WITH $142,208 FLIP 4X PROFIT IS 80,000

6TH YEAR: STARTING WITH $222,208FLIP 6X PROFIT IS 120,000

222,208 + 120,000 = 342,208

BY SIXTH YEAR YOUR $30,000 WILL HAVE GROWN TO 342,00