All Forum Posts by: Mitch Coluzzi

I don't want to be dismissive, but $15-20k in tools is not enough to be dissecting useful life and brainstorming compensation over when 80% is affiliated ownership.  If you're adding people to a business model (person #5) they should be buying in for an equivalent percentage and bringing something to the table... Access to the relatively small asset of another business is a part of the bargain.  Consider it like the existing partners are bringing contractor contacts (their other entity) to the table.  It's no different than me hiring ABC Plumbing to swap a water heater, minus the affiliated business relationship.

That said, the services rendered by entity A for new entity B should be accounted for in the form of inclusive services... services need to be costed, warranted, insured, and held to the same standards you'd expect from a non-affiliated contractor. 

Keep It Simple. Entity A in this case needs to charge a market rate and provide a market service.  Entity B might have shared ownership but it needs to be treated as a stand alone entity.

Bill it out as a service or hire a 3rd party entirely...  don't waste time with the details of tool rentals, etc.

@Jesse Funk yep! The group originated as a handful of us but has grown exponentially. I believe Jedd lives up in MN now, Robert moved out to AZ last I heard. At any rate: the collective group is thriving. Recently started a "small talk" discussion which is a focused content section followed by pure, good ole networking. We meet up at Wobbly Boots (moved from Ingersoll Tap due to size) on the Third Thursday monthly. Check Meetup for additional details on time and content.

Feel free to direct message me with questions bud.

Check out DSM Real Estate Investing Meetup

http://meetu.ps/c/3kQdV/lTKpq/d

Wobbly Boots in Clive provides an energetic, but quiet-enough-for-a-conversation type of environment. They also serve food and drinks!

We're continuing our guided discussion about flipping properties with a focus on the renovation part. We previously discussed financing and analyzing a flip. Check out the posts by @ColuzziRE on Instagram for some of the highlights.

Stick around for the DSM Real Estate Investing Meetup at the same location from 6-8pm

RSVP at Meetup.com

Join our Facebook group!

We'll be at Wobbly Boots Roadhouse in the back room. Food and drinks are available to order. No minimum tab. It's still a free event!

Join us the hour before the DSM Real Estate Investing Meetup from 5-6pm for the Small Talk Series where we will continue our guided discussion about flipping a house. Bring your questions and ideas to share.

Come check it out! It's free to attend! Everybody's welcome!

RSVP at Meetup.com 

Join our Facebook group: DSM Real Estate Investing Meetup

We meet every third Thursday from 5-6pm. This month we'll be at Wobbly Boots in Clive.

Come right in! We'll be by the big sign in the back room!

Small Talk Series features a speaker! Darson Grantham and Mitch Coluzzi are going to go through analyzing a flip property. No sales pitches or gimmicks during this time either

Learn more and RSVP HERE.
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Stick around afterwards for the DSM Real Estate Investing Meetup. This is a free, open-format, relaxed networking opportunity for everyone interested in real estate investing, buying, and selling as well as affiliate professionals!

____________

We meet every third Thursday from 6-8pm. This month we'll be at Wobbly Boots in Clive.

Come right in! We're by the big sign in the back room!

This is a free, open-format, relaxed networking opportunity for everyone interested in real estate investing, buying, and selling as well as affiliate professionals!

We meet EVERY third Thursday. Mark your calendars for future events!!!

Learn more and RSVP HERE.

We hope to see you there!

____________

Show up early at 5pm for the brand new Small Talk Series where we'll feature a speaker! Darson Grantham is going to go through analyzing a flip property. No sales pitches or gimmicks during this time either

____________

Show up early at 5pm for the brand new Small Talk Series where we'll feature a speaker! Darson Grantham is going to go through financing and analyzing a flip property. No sales pitches or gimmicks during this time either!

Stick around for the DSM Real Estate Investing Meetup at the same location from 6-8pm

Come right in! We're by the big sign!

A free, open-format, relaxed networking opportunity for everyone interested in real estate investing, buying, and selling as well as affiliate professionals!

We meet EVERY third Thursday at Ingersoll Tap from 6-8pm. Mark your calendars for future events!!!

Learn more and RSVP HERE. We hope to see you there!

Show up early at 5pm for the brand new Small Talk Series where we'll feature a speaker! Darson Grantham is going to go through financing and analyzing a flip property. No sales pitches or gimmicks during this time either!

Come right in! We're usually by the big sign!

DSM Real Estate Investing Meetup is THIS THURSDAY 6/20 at Ingersoll Tap from 6-8pm! Everybody's welcome to attend this FREE and open format networking opportunity! There's even free popcorn available ;)

We hope to see you there! RSVP or learn more at Meetup.com.

We meet EVERY third Thursday at Ingersoll Tap from 6-8pm. Mark your calendars for future events!!!

@Anthony Wick awesome! Looking forward to seeing ya bud.

Cheers

Mitch