All Forum Posts by: Eric Russell
Eric Russell has started 1 posts and replied 3 times.
Post: Closing Attorney's (Onslow County, NC)
- Investor
- Surf City, NC
- Posts 4
- Votes 0
I’ve used Conor Regan at the Regan Law Firm in Wilmington a numbers of times. Not sure what exposure he has to wholesaling but is a good place to start.
Post: New to BP.com Investor - Wilmington, NC
- Investor
- Surf City, NC
- Posts 4
- Votes 0
Glad to see some ENC traction. Currently under contract on a BRRRR project down on S 9th St. would love to see some of the projects you guys have been working on. I've been meaning to meet at waterline, just wasn't sure if everything was on with COVID and all that. Hope to chat more
Post: Structuing an Equity Partnership
- Investor
- Surf City, NC
- Posts 4
- Votes 0
I am looking to do an equity partnership on an upcoming deal. I have the time and means, they have the money. Looking for input on how you structure the deal. How do you write up expense costs, distribution of profits, etc?
My initial thought is 50/50 ownership, we are both on the deed/title for the property, I am on the mortgage for the financed portion of the property, they provide the cash for the down payment and rehab.
Any experienced input would be greatly appreciated.