Updated over 12 years ago on . Most recent reply
Is this partnership fair?
I have a house under contract for 138k. ARV is 240k. Rehab is 30k. I'm offering half of the net profit to an investor who can provide all the funding. Do you consider this to be a fair deal for both sides? I'm also a contractor, so I plan on doing the rehab myself.
Thanks!
Most Popular Reply
Bill Gulley
#3 Guru, Book, & Course Reviews Contributor
#3 Guru, Book, & Course Reviews Contributor
- Investor, Entrepreneur, Educator
- Springfield, MO
- 12,880
- Votes |
- 21,918
- Posts
Bill Gulley#3 Guru, Book, & Course Reviews Contributor
#3 Guru, Book, & Course Reviews Contributor
- Investor, Entrepreneur, Educator
- Springfield, MO
Looks like you're offering 50K for 30K, I'd say if you have the skills, talents, abilities and willingness, it's a pretty good offer, now, how can you show others you have these traits?
Can you show experience in deals done?
Have you looked into a hard money lender?
Is there any way to control this with the owner to get it contracted and accomplished with them?
Good luck... :)