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Foreclosure Forum |
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Not that complicated...In Reply to: Ward (& others), how do you structure your fee/equity when you do all the legwork for an investor? posted by Phil R on March 27, 2008 at 11:58 AM Phil, We execute a separate Foreclosure Investment Agreement between ourselves and each of our investors, wherein they agree that will receive 50% of net profits after the return of their capital, and we will receive the remaining 50% of the profit. We take title to each foreclosure we buy at the auction in a new title holding trust. Our investors own all of the beneficial interest in the trust. My role regarding the trust is that of the trustor (as an individual) and the trustee (via my LLC).
: Please explain how you structure your arrangements with investors with respect to your share. And what kind of wording do you use in the title holding trust, or do you use a separate contract? (I'm in Orange County, CA) : Ward: thanks for your support in letting me have a corner during your seminar Tuesday to talk to investors who want someone to do the legwork!
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