All Forum Posts by: Adam Stacey
Adam Stacey has started 1 posts and replied 5 times.
Post: Tenant Can't Pay Onliine, I Don't Pick Up Checks. Help!!!
- Investor
- Springfield, MO
- Posts 5
- Votes 3
Originally posted by @Mil Sanghvi:
@James Holland The tenants who currently pay via paypal do it by selecting "friends and family" so it does not charge me transaction fees. Otherwise i believe it's 2.75% and I refuse to pay those bs fees. I will have to give my account number for bank wire.
Western Union idea sounds good. Another option is PayLease. Tenant pays the bills at Walmart. I'll research both of them.
Thanks,
Mil
Open a different account at your bank and give them that account number. Then transfer the money out online after they deposit it. That way the worst they can do is mess you up for 1 month. Plus, if something funky does happen you know they were the only ones with the account numbers.
But honestly if they can meet your rent payment terms then they are probably not the tenants you want anyway.
Post: What's a fair split in this type of partnership?
- Investor
- Springfield, MO
- Posts 5
- Votes 3
Originally posted by @Jeff Tang:
Originally posted by @Adam Stacey:
The risk is worth more than 25k. I do 50/50 split on similar deals.
I don't have the full picture of the deal (he was throwing ideas out there over the phone), but it sounded like we'd split the profits after all other things paid off; he estimated it to be about $25K each. I need to see what the proposal would look like on paper.
I have a similar deal in memphis tn I'm looking at. I would do all the work if someone would provide funding. 50/50 split of est 300k net profit. Let me know if your intrested..
Post: What's a fair split in this type of partnership?
- Investor
- Springfield, MO
- Posts 5
- Votes 3
Originally posted by @Jeff Tang:
Originally posted by @Adam Stacey:
The risk is worth more than 25k. I do 50/50 split on similar deals.
I don't have the full picture of the deal (he was throwing ideas out there over the phone), but it sounded like we'd split the profits after all other things paid off; he estimated it to be about $25K each. I need to see what the proposal would look like on paper.
Post: What's a fair split in this type of partnership?
- Investor
- Springfield, MO
- Posts 5
- Votes 3
The risk is worth more than 25k. I do 50/50 split on similar deals.
Post: New investor working all over in the mid south
- Investor
- Springfield, MO
- Posts 5
- Votes 3
Hello everyone!
I have been following bigger pockets now for a while and now want to expand my business through the Bigger Pockets network! I am attempting to make real estate my full time thing. I have primarily been investing in SW Missouri but am now doing deals in Memphis Tn and some other areas in between.
I primarily like to fix and flip for retail sales. I have done a few now and am looking for more. I would live to start finding deals through Bigger Pockets! So connect with me and let me know what you have!
I look forward to growing my network and maximizing my use of the awesome real estate investing tool that is Bigger Pockets!
Thanks!