Does percentage still matter if the profit is high enough?
So I met with someone the other day, and we got to talking about deals. He had been doing this for quite a while, but was super cocky and kind of demeaning. I showed him a deal that me and my company had worked on a while back, but he said he doesn't do any deal with less than a 22% return. I had mentioned one where the percentage of profit was only 16.5% but it was $380,000 in profit. I understand you have to have the capital to fund a project like that, But do you think it would be worth it?