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Updated over 10 years ago on . Most recent reply

User Stats

71
Posts
29
Votes
Jim Zatko
  • Investor
  • Muskegon, MI
29
Votes |
71
Posts

I was asked to invest money in a flip...

Jim Zatko
  • Investor
  • Muskegon, MI
Posted

I have a close friend who starting flipping houses in the Toledo OH area. He mentioned that he is trying to find investors that will finance his flipping projects, and receive a return on their cash. If I decide to invest in a flipping project, how much should I expect/ or request as return on my money. For instance, If I finance the purchase of the house and finance the whole remodel project, should i expect 50% of the profits.  I understand that the house would have to be in my name to protect myself, and check to make sure he has a track record of success.

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