Updated almost 12 years ago on . Most recent reply
First investor meeting EVER!
So last night my biz partner and I sat down with two rich guys who are considering investing with us. We presented our business plan and detailed flip calculator and specific properties that we are targeting. They were impressed I think.
We were asking for 100% funding (no skin in the game) unless we have to.
They wanted to give us the money if they were to get a 10% return on their investment. Example:
Purchase price = $50,000, rehab, closing and holding costs = $50,000
TOTAL INVESTMENT = $100,000.
After our predicted 60 day hold (close to close) they wanted $110,000 back. That is an annualized return of 78.6%.
Bad deal, right?