All Forum Posts by: Reed Starkey

@Joe Villeneuve

I would agree with @Daniel H. 

Partnership % split is based on what each partner brings to the table such as experience, who found the deal, cash, credit, time involved etc.  If this is for a long term, you only have a limited number of mortgages (4 easily, but 10 total) you can get under traditional financing, so this comes at a premium.  I would go with 50% myself.  Worst case he can counter with his reason why.  Then see if the deal still works for you. 

@ Jo

Great post!  

What I would like to know is why can a turn-key company solicit their "deal" witch is basically a security.  Why don't the same laws apply? 

@Sandee Sampson

Cost of paying off mortgage........$210,000

Cost of Rehab..............................$100,000

Cost of Realtor fees......................$15,000

Cost to run away.........................PRICELESS!

 would this be as simple as a profile question that is searchable?   I love the new flipping calculator btw.

I can't imagine there is a law against that.

Look for a commercial lender.

on a side note, that deal scares me. I hope you have thought through all of the possible downfalls of the situation. don't skimp on the attorney. Listen to him carefully. 

Good luck

She is a true professional.  I would still recommend that hand written thank you card.    

Just so I don't look cheap with the "go for a gift card in lieu of the money.

My Realtor usually gets me a $50 gift card when I sell a house with him.  This is a nice gesture, but if he simply gave me $50, I would think it was weird.   

Many great ideas here, but I have an old fashioned idea.  Write a hand written thank you letter and mail it to her.  I actually don't like the monetary gift, as it suggests that the $300 is all her time was worth.  (you stated it was more)  Possibly a gift card to a nice restaurant with the card would be nice.

Although it has been said, referrals.  Send lots of business her way.  If she really worked that hard for you, let others know.