Mulberry Deal - urgent partnership call
Following up now that we have the P&L as well as the inspection report in for the property. I think we have a good deal on our hands, if we can make it happen fast! The deal is a true, partner focused JV. My business partner Brenden and I are hoping to truly leverage the strategy of $0 down since we're new to MFS. A crucial detail is that our $10k earnest money lender only lends through inspection which is up on the 6th of December so we have to move quickly. We're looking for 2-3 capital partners who can come in at ~$50k or $100k to seal the Earnest money and down payment, secured by equity and preferred 8% returns as well as a 70/30 split after refinance. For our $670k Purchase Price, if someone came in with $50k, that would be $4k for the first phase and $8-12k (depending on number of partners) after refinance. Early partners who can help save our deal will get more negotiating power and even better return offers. Would partnering with us on this deal be something you're interested in?