All Forum Posts by: Brian Beam

@Raymond Sylverne

I am curious as well with the question brought up by @Cornelius Charles, (if you don't mind of course).

Thanks for your contribution of data on this forum.

I came across this company as well... They have an app to submit properties as well.

I found them as I was looking Craigslist for a real estate job to do on the weekends to get more familiar with real estate and start networking. They have an ad up claiming they will give you $5000 for leads that you give them.

Did anyone ever hear back or get paid from them? It seems like a scam to me. There are no contracts, no agreements, no requirement to sign up other than an easy free account you make.

It seems to easy with no contract for you to not get paid if you submit any "deals" to this system.

Okay, thanks John.

Does anyone have some direction they could provide on calculating fair terms when partially funding the renovations for a House Flip or a Buy & Hold?

I currently have a Business Associate who has a 3/1 house in Greenwood Alabama which was acquired through a property that was included on a probate deal. The property needs another 30K for renovations and expected to sell at around 110K once renovations are completed. There is a decent profit margin.

The other option that we have is holding and renting out the property. The estimated after-expense cash flow is around $800 monthly. Does it make sense to set percentages based on the total investment in the property? How does this normally get calculated? Any insight?

In summary, the question I have is: Is there a somewhat standard way to calculate the percentage of profit for a partial investor in these scenarios? 

Can anyone point me to some resources to assist in calculating something like this? Thank you in anticipation of your feedback and/or assistance.