Working with a charity organization for county auction properties

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Working with a charity organization for county auction properties

Pandu Chimata
Real Estate Professional · Glendora, CA · Member since 2016 · 203 posts · 17 votes

Hello all,

I bumped into a charity organization yesterday. They claimed they have better chance to get the to-be auctioned properties from county. 

Charity organization will be 30% equity partner, whenever we sell the property or rent the property.

Every property will be under an LLC, with 70:30 equity ratio.

Does any one of you have any experience in this type of collaboration ?

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  • Pandu Chimata
    OP
    Real Estate Professional · Glendora, CA · Member since 2016 · 203 posts · 17 votes
    10y

    Any thoughts ?

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  • Mindy JensenPro Member
    BiggerPockets Money Podcast Host · Longmont, CO · Member since 2014 · 7k+ posts · 10k+ votes
    10y

    @Pandu Chimata, what role does the charity play, and what role do you play? I don't understand this. Are you proposing a partnership with the charity? 

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    BiggerPockets
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  • Pandu Chimata
    OP
    Real Estate Professional · Glendora, CA · Member since 2016 · 203 posts · 17 votes
    10y

    Thank you for the response. Charity organization owns 30% of equity and 70% will be owned by the investor.

    I am not proposing a partnership with the charity organization. The charity organization is looking for investors and they claim they are one of the organization county works with to sell auction properties before they auctioned at the public auction. They believe they have a good chance to buy the properties at minimum bid price once investor likes certain properties. 

    I was asking - does any one has experience working with certain charity organizations ?

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