FREQUENTLY ASKED QUESTIONS:
PROFITABLEPROPERTY PARTNERING
Click on each question below to see the answer.
What are the roles of the partners?
How are the profits divided
after the property is sold?
What kind of paperwork is required
for the partnering arrangement?
How much can I expect to make
from a typical partnering deal?
Are there any legal ramifications
to the partnering arrangement?
What type of properties will
you partner on?
What is my NEXT STEP?
What are the roles of the partners?
The roles of each partner will be clearly defined
before the partnering arrangement is formed and the property
is purchased. Each partner’s role will be based on
their experience, capital and resources available to complete
the project.
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How are the profits divided
after the property is sold?
The profits are pre-determined before the partnering arrangement
is formed. The profits are split depending on the resources
and the roles both partners play in the deal.
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What kind of paperwork is
required for the partnering arrangement?
The partners will form a Limited Liability Company prepared
by an attorney that will define roles and profits of the
partnering arrangement. After the property is sold, the partners
can dissolve the LLC or continue with another project.
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How much can I expect to
make from a typical partnering deal?
Each partnering arrangement is unique and the profits generated
depend on many factors including the amount of renovation
and renovated market value. Based on experience, partnering
arrangements should generate profits in the $25,000 - $40,000
range.
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Are there any
legal ramifications to the partnering arrangement?
Both parties shall indemnify each other against the loss
of money, securities and other personal property.
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What type of
properties will you partner on?
The ProfitableProperty partnering program was designed
to purchase, renovate and sell residential property in the
Washington/Baltimore metro areas.
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What is my NEXT STEP?
Go to the Your NEXT STEP:
Discuss a Deal page of this Website. Fill out
and submit the online form as directed (or fax it to us at
301-881-5542). We will contact you to discuss the deal.
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