All Forum Posts by: Brandon Ribeiro

@Kerry Noble Jr he said he wants to figure out the capital gains tax before arriving at the net we each get. So I guess we would have to see a cpa about that

@Kerry Noble Jr can I just get my cut at the end of the project? 

@Miller McSwain I agree. He proposed the idea of structuring it so that he gets 10% return on his total investment since he will be funding the entire deal- then we split the profits 50-50

So, I may have found myself a financial partner. Basically, he has all the money, and I have all the time.

He currently owns 18 properties and is a Doctor, with very little free time.

Basically, I proposed to him that we could start out with a small, cheap flip- where I would find the deal, off market or on market (I am a full time realtor) and I would manage the entire flip from beginning to end, then could list the property since I am a realtor too. We would be looking in the Philly market.

How would you recommend structuring this partnership?

Anyone have any recommendations for a good, fast contractor for flips in the Philly area? 

Anyone have a good real estate attorney they would recommend in the philly/Montgomery county areas?

@Anna Swartz-Lopez Thank you for your input! I will definitely try to find a good real estate attorney and get some ideas on how we can structure this. 

So, I may have found myself a financial partner. Basically, he has all the money, and I have all the time.

He currently owns 18 properties and is a Doctor, with very little free time.

Basically, I proposed to him that we could start out with a small, cheap flip- where I would find the deal, off market or on market (I am a full time realtor) and I would manage the entire flip from beginning to end, then could list the property since I am a realtor too. We would be looking in the Philly market.

How would you recommend structuring this partnership? 

Would we need to sign anything? 

@Brett Weisman

I’m a licensed agent in PA currently working with a lot of investors from NY and NJ. I’d be happy to help you! Shoot me a message and we can connect!