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All Forum Posts by: Andrew Sessions

Andrew Sessions has started 1 posts and replied 2 times.

Post: Investing in a flip (being the money man)

Andrew SessionsPosted
  • Durham, NC
  • Posts 2
  • Votes 1

Hi all!   This is my first post on BP.  I am considering putting up some money for a flip.  I would just be a money man that would be a small portion of the overall deal. In exchange for my investment the "Flipper" is willing to be a mentor and show me the ropes and also give a small % return on my money.  I feel its a good deal.  My question is... What kind of paperwork should be in place to legalize the investment and I understand I should write a check to his company not him personally?  Any thoughts or comments would be great!   I know this is an investment that has risks, I just don't want to get taken advantage of.   

Id like to come but traffic is terrible. I will be 30 min late.  Is it still okay for me to show up late?