I have a real estate investor/ real estate agent i know through past business who buys, rehabs, and wholesales real estate and has been doing so quite successfully for over 20 years… When i find what i feel is a good deal threw my marketing i usually call him up and he tells me what he thinks and if its something we can potentially buy, he usually has me go out to the property then report back with him what i see. The point im trying to get to is if i do marketing, generate my own leads, inspect the house, then sign up the contract or bring him to sign up the house what is that worth? Also take into consideration that i may have to wait to collent profits until the rehab is done. I know thats a very difficult questions to answer based on different factors like how much profit potential there is to be made but i was just curious what peoples input were on that scenario. Is what im doing smart? Or should i just build my own buyers list and market my deals to investors for quick cash wholesaling. I was thinking 25% partnership. Sorry if i don’t make complete sense to everyone it was hard for me to explain how this whole partnership works.
Thanks , steve