All Forum Posts by: Dale Moller

A fellow local REIA member is looking for a money partner, but is only "willing" to split profits 60/40, with the 40% going to the money partner who is putting up 100% of the funds. I know I probably need more specifics on what he/she brings to the table to earn the 60%, but that split seems way off to me. I could see splitting more like 80% to the money partner if the other investor is going to be managing the re-hab. Am I missing something?

Thanks,

Dale

Looking to do first re-hab/flip deal and looking for GC referrals that do high quality work and can respond/provide estimates quickly as deals often get bought up quickly.

Thanks

@Michael Noto Yes, I've privately messaged two experienced local BP folks with that proposal and am still waiting to hear their interest.  Thanks for the suggestion.

The north suburban Atlanta market has a deep pool of investors with cash in-hand chasing fix and flip residential deals, an arena in which I want to play.  Deals often don't make it to market, often going straight to said investors with a track record of closing quickly.  With limited  cash, I'd be looking to borrow funds, either private/hard money.  How would be the best way to compete against these investors and get started?  

Thanks

Please sign me up.  Looking forward to it.

Dale