Updated over 6 years ago on .
Knowing your worth in a partnership
I understand that this is a very tough topic, because every deal is different. I also understand that you need to bring certain pieces to the table to have ground to stand on. With that being said, I have been having discussions with multiple long distance investors about potential deals here in the savannah area. I am looking for deals that potential partners would want to invest with me on. I am just looking to get tips or ideas, that when the time comes, I can be prepared to defend my efforts fairly.
To keep it broad, I would say the 4 things needed for a deal are, 1) the deal. 2) ground work. 3) financing. 4) rehab (looking at BRRRR properties)
If I were to bring the deal, ground work and partial financing to a BRRRR deal, what are the possible options for splitting profits. Do I get the house/rent and I give them back rehab costs with a predetermined interest? Or split the house and cash flow?
What if I just brought the deal and ground work? What could I potentially get out of this? Sorry I am being very broad and all over the board on this, still trying to learn