All Forum Posts by: Jamin Littell

@Sam Yin good points

Ok, well I guess the person I have in mind is a local investor who I’ve had some conversations with.

I would need him to put down 1/2 of the DP, and I imagine he'd want 1/2 of the CF and equity. Since it's not a BRRRR I don't know what else would be in it for him w/o CF and equity. I don't know how I'd pay him back if he was just a PVL if I'm not BRRRRing. Would I just pay him most of my CF until his 1/2 of the DP was paid back?

Hey everyone. I’m a brand new aspiring investor looking to begin my life-changing journey this year.

I’m into LTRs, and the REA I found on this page sent me a duplex with an Coc of 15.30% and a $550/month cash flow. 43.5k is needed for DP and CC, and that’s a bit more than I have right now. So I’d be looking to partner with someone else.

My question is, those numbers work for one investor (I think), but if I bring half of the money to the table, and we split things 50/50, or 75/25 since I’m bringing half of the money and the deal, do I have to re-run the numbers somehow to reflect that?

I'm afraid of thinking that deal works based on just me investing but if I'm splitting things 50/50 or 75/25, then would the deal NOT be a good idea. Would the CoC then only be ~7.8% if I'm splitting it 50/50?

Thanks so much for your time everyone!

Hey everyone. I’m a brand new aspiring investor looking to begin my life-changing journey this year.

I’m into LTRs, and the REA I found on this page sent me a duplex with an Coc of 15.30% and a $550/month cash flow. 43.5k is needed for DP and CC, and that’s a bit more than I have right now. So I’d be looking to partner with someone else.

My question is, those numbers work for one investor (I think), but if I bring half of the money to the table, and we split things 50/50, or 75/25 since I’m bringing half of the money and the deal, do I have to re-run the numbers somehow to reflect that?

I'm afraid of thinking that deal works based on just me investing but if I'm splitting things 50/50 or 75/25, then would the deal NOT be a good idea. Would the CoC then only be ~7.8% if I'm splitting it 50/50?

Thanks so much for your time everyone!

Thanks @Carey Greiner! How'd it go with your CPA?

I was wondering if this was b/c of the fortune builders recommendation or you had heard that Nevada is really the place to set up your LLC from elsewhere as well. I'm just curious as to the validity of that claim.

Hey! I’m Jamin, a 28 y/o Orthopedic Physician Assistant from Brighton, MI very excited to get involved in wholesaling and then eventually, flipping & renting.

My interest began after seeing an infomercial for Than Merrill’s real estate class and going to his seminar on wholesaling. I’ve been listening to some free webinars from some of the other gurus like Cody Sperber. But instead of investing into those systems, I’ve come here to learn and can’t wait to make my first deal and network with some great people. If you’re from the area, please say hello!