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All Forum Posts by: Jim Pennington

Jim Pennington has started 2 posts and replied 3 times.

Post: Equitable share in investment and profit

Jim PenningtonPosted
  • Residential Real Estate Agent
  • Pensacola, FL
  • Posts 3
  • Votes 0

Hello everyone,

I am considering teaming up with my rehab guy to take on a full house flip project.

He would provide most of the rehabber skills and labor and I would provide most of the acquisition and financing assets and direction for the project. I am a licensed real estate agent.  He is not a licensed contractor and we would hire out licensed work as required.  We work well together and  think it would be a good combination of skills and expertise. My question is this, what do you think would be an equitable split in profits based on our general contributions to the project?  Thanks for your thoughts.

Post: Looking for financial management software

Jim PenningtonPosted
  • Residential Real Estate Agent
  • Pensacola, FL
  • Posts 3
  • Votes 0

I've looked at the Rental Property program and it looks good, but I was hoping to find something that could include rehabs also. As far as Excel, for some reason I have an aversion to Excel, never learned it and stay away from it. Some kind of unreasonable phobia, I guess! Again, thanks for the responses.

Post: Looking for financial management software

Jim PenningtonPosted
  • Residential Real Estate Agent
  • Pensacola, FL
  • Posts 3
  • Votes 0

Hello, I'm new to the forum and just spent quite a bit of time searching without luck for a software package for real estate investments. I would like to have a financial management package for rental property and for real estate flips. Ideally, it would provide QucikBooks-type reports and info for tax purposes, as well as track investments and expenditures in other investments. And of course, be affordable. Any recommendations? Thanks for taking the time!