Advice starting out Virtual Flipping...
I am an out of town investor for the Cincinnati - Dayton Ohio area. I have some money to invest and I am looking to do Virtual Flipping. I am from this area and familiar with it, plus I have some friends & family local.
I am seeking advice on the steps that I should take when seeking a partner....
- what should I check on anyone that I deal with?
- what things do you check when dealing with someone else?
- once I find someone to partner with, what docs need to be in place to protect all parties involved?
- what type of split or interest rate do you receive if you lend $$$ & if you do a JV deal?