All Forum Posts by: Molly Krief

Thank You @Aaron Morris

I will check it out. 

Thanks @Andrew Johnson, 

I  believe we would have gone throw the property with a contractor before we get to close on the deal, so we can be educated about the costs. and so, i'm least concerned about the rehab, because we yet to have found a property and we will get there when we do. i'm more concerned about what i tell this investor about the profits and the splits.

How do they teach the class @Aaron Morris? Is it online?

Hi BP Family,

I have an investor out of state, looking to invest with me. Now, he is not an expert about real estate investing although he had invested in other markets in the past. 

He is a far family member, so i know he has some trust in me.

But i am wondering how to construct the deal so it will benefit us both.

He wants to put up about $100,000, to buy a house. we (me and my husband) can put in the cost of the repairs, and project manage the operation. getting the contractor, designing the house and making sure everything is running smooth, wile he is not physically involved.

Now, me and my husband would probably need to get a hard money loan in order to pay for the repairs, probably 40-70k depending on the property we perches. 

How do we split the profits? 50 50?

A different case scenario, is if we have him put in all the cash for the purchase and repairs, let's assume around 150K. and we continue to do the same as before, meaning managing the project, finding the deal getting the house sold and so on. how would we split the profits? Or would we get a salary? or a smaller percentage?

Help!!!!!

I might be making this more complicated than it is, but its my first time having a partner so i have no idea.

And just for the record, this investor is totally counting on me to bring him the details of this partnership, so i cent really ask him what his conditions are, he is inexperienced in this situation a wall.

I would appreciate any insight you guys (and girls) can bring to my situation,

thanks,

Molly

Hi BP Members, 

does anyone have a GREAT referral for an investor friendly contractor in the Baltimore county aria? Preferred someone that is good with additions?

Thanks All,

HI BP members, i would like to here about your experience in investing in fix and flips, in Milford mill and Gwynn oak Baltimore, MD.

I am looking in to the aria, but would like to learn a bit more for i am not as familiarize with it.

I would greatly appreciate any advice on the aria.

Thanks,

Thank you for your answers. I appreciate it.

Hellow BP Family,

My question is:

Is it legal for a RE Agent to do wholesale?

Hello to all investors

My husband and I are looking for a coach in Baltimore County.

We are ready and we have accumulated a lot of knowledge over the past year. Working on our first loan, and are looking to engage in Fix and Flips.

Please contact me if you are interested.

Hi Steven,

I appreciate you taking the time to help. And thanks for the understanding.

I grow up in Israel! Believe I have pretty thick skin. Of chores, I can always improve on it.

I also learned how to defend myself when needed.

I have a tough journey ahead of me, considering all the obstacles I have. However, I will not let that slow me down.

All of whom wrote me a Comment helped me understand more. And I will take all the advice under deep consideration.