All Forum Posts by: Matthew Oakes

That's great advice Theo, I would say this is an investor with 20 buy and hold deals but only 2 fix and flips that were done in the past 5-7 years. This investor brings to the table the money, the contractors, and the know how. My value is that I'm currently the acquisitions manager for a wholesaler and have done 30+ deals this year and know how to analyze different neighborhoods which opens this investor up to being able to do more deals with larger profit margins. So definitely value on both sides. I would argue more so on his side though. From what you said I would asses that I should use 15-20% as my benchmark and negotiate up from there once my value can be proven through increased deal size. 

I do see your point with the here today gone tomorrow investors, being that you take risk every time you turn and burn new partners. Thanks Theo.

Ok so lets be realistic, obviously new investors or amateurs aren't going to be able to get professional investors to give a majority profit on new ventures , but what is the best way to start a partnership percentage speaking? And then when should the partnership be restructured, after X deals, after X time, or after X amount is made? 

I've currently locked in a partnership with an experienced investor, but I know I will be providing more value after I have learned more about certain deals and lending. What I'm looking to know is if I'm finding the deals but they have the money and know how (which seem to be easier to obtain), what should the profit split be when starting out, after a few deals, and then 2 or more years later?

Hey Bryan I'm an acquisitions manager in New Orleans, we work with Anitra Preston on many of our deals. Check her out. Also if your looking for market information or need buyers for wholesale properties, we would be glad to help any way we can.

I currently work as an Acquisitions Manager for a wholesaler in New Orleans, Im looking to start buying some of the best deals we come across and use my free time to put together  2-5 projects a year. Just graduated from college a year ago so I'm building my savings to be able to take on some of these projects, just not there yet for some of the more extensive rehabs. How does someone in my position with the experience of finding the best deals, knowing multiple contractors for repairs, and the capacity to put it all together, find private lenders to fund deals?

Any knowledge is appreciated, and if your a private lender, lets connect.

Wow this is impressive, Great to see what 365 days, relentless effort, and hard work can do. Im sure sacrifices were made for you to be able to accomplish this.

Congrats, time for the rest of us to get to work!

Start with what your goals are. There's financial benefits from either depend on what you are looking to accomplish. 

As someone that sold cars before, I know leases tend to bring in a decent commission compared to most new/used car sales. (Because of lack of customer negotiation on leases)

If you're goal is to drive a brand new car for 3 years, putting less than 10k/12k/or 15k miles without damaging the vehicle then go for it. 

If you're goal is to simply get a lower payment with the guarantees of not having to be accountable of mechanical issues, and a luxury vehicle, consider a pre-owned/used vehicle with a great extended warranty. 

If you haven't found a newer vehicle with low miles in great condition for the payment you want, then simply you need to look more or negotiate harder. 

From a car salesman, and someone with a partner that has a leased vehicle (which she loves), its probably not the best idea financially under most circumstances.