Updated over 9 years ago on . Most recent reply
Taking on a financial partner
Have a sfh I closed on in Chicago. A broker I know wants to invest a little money into the deal but wants to split the profit. I don't need him for the project and he only has about 15k to put towards the project that will cost the better part of 100k. This would be my first partnership if you can call it that but I see it as more of a financial investor than partner. So I guess the big question is, is it fair to offer him 25% on him money. Because splitting the profit with that little invested is ridiculous to me. Any thoughts or insight would be greatly appreciated. Thanks in advance.