Updated over 14 years ago on . Most recent reply
What is fair distribution with Private Investor ?
We have the resources to find lots of RE with large spreads, but not able to fund the Larger deals ourselves. We are in CA, what would be considered a fair distribution to the PI who is/are funding 100% deals. We are Broker/Realtor running our own biz & conduct our Due Diligence in a very detailed & precise manner! How is Title Held? ;)
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Toni, in answer to your question "How is title held?" this brings up an important point. Early in my career I made the mistake of holding title jointly with my PI at the time. She fell in love with one of our joint deals and refused to sign the contract to sell after I had a buyer yielding a $28,500 profit in 11 days on a $48,500 investment. From then on I only hold title in my company's name with the PI holding a first mortgage. Much cleaner division of responsibility.