Even if the deal is a even split on the ROI, I still have them usually manage the money. This gives the other partners more trust in you and shows your willing to trust them, but in reality it is less headaches for you.
Angel 😇 investors and VC’s do something similar.
In 90% of all my partnership or
co-owned deals I am the one giving the Money to the other investors, this is my personal preference, because I know what type of deal I got into & I know how to wait & what the waiting process takes to build something great. So I won’t hassle 🪡
Another thing I do is I don’t mind having the smaller percentage, I don’t look at it like trying to be the dominate, I look at it like adding diversification to my conglomerate. If I own 20% of multiple companies that is fine as owning 80% of one. Plus now I’m more diversified.
I know a few wealthy people who don’t want to own properties.
They have all affairs in order but they chose the lifestyle of living where they want when they want and not having to look or worry about property.
This is perfectly fine, if you know what you want out of life.
Two #FNDATION based meetings this morning.
1. Was a follow up on the #HOUSTON project
Being run by one of our members.
2. Was a initial meeting of a member who had a consult with me before, next step will be ✅ for sure.
They calm this a legal 3 family in #CHICAGO but I realistically only see two, you can always cram another unit but it may be more beneficial to make 2 family with extra beds.
Good price $86k & about $80k of visible work needed.
https://t.co/gCe9MuXMSM
But they keep saying, get over it 🤦🏾 trust me I am not one for excuses but the redlining exists in this field in so many ways and levels. I hope now they get enough money to buy the block.
🧵A Black family in the Houston area alleges in a new federal lawsuit filed Friday that a real estate agent refused to sell a unit to them because of their race. https://t.co/aFPjzr6Cmm
When venturing into new regions the research is essential, I have been doing a lot this last month for 2 states #Texas & #Georgia, building teams in the area is another really delicate process, licensing, engineering & more. BTW I bought into a Grading / excavating company in GA.
For those who answered Yes this is a good deal, and can be cash positive. The only issues to keep in mind are maintenance/ management if the building is not in your city or area. You could also look for a 3 family that may not cost more then then this or just a little more.