Don’t know how far along you are. I have a good handyman in Birmingham, Joel Burnett. Also have a cheap HVAC resource. Call me, I’d like to talk to you about Alabama and your strategies.
I have an investor who would like to invest with us, but have me do most of the work. We are putting up the same $$ but I get 60% of the profits/shares. Enough capital for 2-3 performing notes with the primary goal holding long back-ends of partials. Investor is an airline pilot and will be bringing pilot partial investors to the deal. I will also make some vig on each transaction (Titanium vs non-member pricing). Profits will stay in the LLC for re-investment until mutually agreeable.
I am the manager with full control, the investor is actually two SDIRA accounts. My LLC is the member on my behalf. I have set up a new LLC with proportionate shares. I have done a pretty thorough job educating the client on the note space.
We have an operating agreement outlining strategy, exit options, additional capital investments/shares, general investments, etc. Anything else I should clarify?
