All Forum Posts by: Aaron Peterson
Aaron Peterson has started 15 posts and replied 39 times.
Post: When choosing a tenant, do you…
- Investor
- Akron, OH
- Posts 39
- Votes 15
@Heather Rodden I would choose the second person. It’s expensive to turn over units. And always always find out how they treat their current living space.
Post: Using private money to fix and flip
- Investor
- Akron, OH
- Posts 39
- Votes 15
Originally posted by @Scott Wolf:
@Aaron Peterson your returns will be much better if you pay them interest vs. giving away equity. You could ask if they would take the interest as a lump sum paid at the end of the deal so you don’t need to pay them monthly.
thanks
Post: Using private money to fix and flip
- Investor
- Akron, OH
- Posts 39
- Votes 15
Can anyone tell me the best way to structure a joint venture with a silent money partner? In other words, if I have a private lender who wants to invest their cash in my fix and flip business, what is the profit split on one deal. I'm trying to stay away from offer them interest on their money. I want to do it on a per deal basis. They provide the money for the purchase and the rehab.....and I do all the work. I've heard some say 50/50 while I've heard others say 70/30 (money partner gets 30% of net profit after the property sells). Any thoughts?
Post: Changing appliance policy
- Investor
- Akron, OH
- Posts 39
- Votes 15
@Jill F. Thanks so much! Very insightful! How have I paths not crossed already?! Thanks again
Post: Changing appliance policy
- Investor
- Akron, OH
- Posts 39
- Votes 15
@Bill Brandt thanks Bill
Post: Changing appliance policy
- Investor
- Akron, OH
- Posts 39
- Votes 15
@Bill Brandt I wish I could buy brand new appliances. You’re blessed
Post: Changing appliance policy
- Investor
- Akron, OH
- Posts 39
- Votes 15
@Jill F. Akron OH
Post: Changing appliance policy
- Investor
- Akron, OH
- Posts 39
- Votes 15
If I have a tenant who is month to month, can I send an addendum for them to sign that says owner is no longer responsible for repairing or replacing appliances? I am managing 15 doors from out of state and I’m learning that replacing appliances is not the easiest thing.
Post: What Do People Get Wrong Most Often
- Investor
- Akron, OH
- Posts 39
- Votes 15
@Dennis M. Yes yes yes!!
Post: Keeping up with tenant water bills
- Investor
- Akron, OH
- Posts 39
- Votes 15
@Jacob Sampson thanks.....yeah it’s the rule here-water bill stays in owners name. It’s crazy! And they are section 8 so they don’t pay their own rent.