Our long term plans are coming into fruition finally!

[Lam N.]

After working like dogs literally all the time (I left my house at 6am yesterday for my full time job and my husband and I didn't get home until 10pm after working on our business), we have now 5 rental properties.  3 already have tenants and 2 have tenants moving in next week.

Husband and I also found an investor for our home flipping business.  Basically, the guy has a lot of money so he will put down the cash to buy a house, we will hire people and do work on it.  He has seen our previous design and work and said he was impressed with the results.  We have successfully flipped several houses in the past, so we know what we're doing by now.  We haven't drafted out an agreement, but verbally we are talking about splitting the profit.  He provides the financial support and we design and renovate the properties.

Our goal is to have 8 rental properties up and running by the end of the year.

Oh my goodness, our long term plans are beginning to have real tangible results.

[Jay Hinrichs]

good job I see so many trying to start out.. with limited capital but when they talk of partners they don't understand that a financial partner is not your parent you need to financially reward them far more than you would borrowing money.

An LLC with a very GOOD BUY SELL agreement and also a mediation clause is a nice start.