Investor · Atlanta, GA · Member since 2014 · 172 posts · 64 votes
Hello,
I am interested in learning from a seasoned house flipper and developing a relationship. I propose doing 10 deals together on a sliding scale.
Deal #1: 100% of profit to and I get 0%
Deal #2: 90% to you; 10% to me
Deal #3: 80% to you; 20% to me
...and so on until we get to Deal #6 and we'll be at a 50/50 through Deal #10. Sound fair?
Why would you do this? Well, you love this business and like to teach willing students. Down the road we could do more deals together and pool resources on larger projects. We'd already have a good working relationship and some trust established.
Long term, I'd like get into development deals and apartment buildings. Let's discuss if you're interested and we can meet for coffee one morning soon.
This is a very awesome proposal. Flipping houses is a very attractive model. Use extreme caution when implementing this strategy. You can loose your shirt or just have modest gains. I recommend starting out using non of your own money or credit. It is a more conservative strategy but it is a great place to start. You also have the flexibility of implementing this strategy anywhere..