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Tax, SDIRAs & Cost Segregation

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Mo Farraj
  • Brooklyn, NY
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53
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Advice on contracts for a flipping partnership

Mo Farraj
  • Brooklyn, NY
Posted Sep 13 2019, 06:57

Hi BP community,

I have a deal I am looking to partner in with an investor I met at a networking event. This investor has done a few flips before but this is my first one. The deal requires me to put down about 60k in cash, I want to make sure I am covered on all basis - can anyone advise me on the contracts I should have a lawyer review? The money will be put in Escrow but what else should I do to ensure my back is covered and this investor doesn’t run off with my money?

Thank you in advance.

Thanks,

Mo

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