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Updated over 8 years ago on . Most recent reply

User Stats

25
Posts
4
Votes
Alyxaundria Sanford
  • Real Estate Professional
  • Brooklyn, NY
4
Votes |
25
Posts

Partnering with Newbies

Alyxaundria Sanford
  • Real Estate Professional
  • Brooklyn, NY
Posted

I am in the process of doing some research and would like feedback from experienced investors.

If there were an organization that connected you with fresh talent to train/mentor one on one, would you be open to committing to a 3 deal joint venture partnership with a 60/40 split for the investor?

If not, what would be the hesitation?

Is there a more preferable split?

Any other feedback on this is welcome.  

Most Popular Reply

User Stats

25
Posts
4
Votes
Alyxaundria Sanford
  • Real Estate Professional
  • Brooklyn, NY
4
Votes |
25
Posts
Alyxaundria Sanford
  • Real Estate Professional
  • Brooklyn, NY
Replied
Originally posted by @JD Martin:

What does the "fresh talent" bring to the table for their 40% cut? 

 Well nothing initially, I was thinking the mentee would serve as somewhat as an exclusive wholesaler for the investor. The mentor would show them where/how to get inventory, and the would go do it. If the split is the issue, what would be an investor incentive, if any, for this type of relationship? I just threw that out there, no real reason for that number. 

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