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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] 50/50 profit split Posted by Ward-CA- on July 28, 2003 at 6:34 PM In Reply to: profit share plan posted by peter on July 28, 2003 at 2:03 PM : I bought and sold several foreclosed properties and got some experience and taste in this business. I found someone who has money but no time no interest in doing work. I will do everything including research, bidding and etc. If we share the cost 50/50, what is a fair plan for profit sharing? 1/3 1/3 1/3? : 1/3 for his money, 1/3 for my mony, and 1/3 for my work. How about he contributes all mony? What is a fair port of profit should I get for all my work? 30%? : Thank you for your response. : Peter -=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=- Peter, The way we work it is the passive investors get 50% of the profit for putting up all money and the active promoter/operator gets the other 50%. If you, the promoter, put in money also then you’d get a prorata share of the 50% profit to the investors. Hope this helps. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : I bought and sold several foreclosed properties and got some experience and taste in this business. I found someone who has money but no time no interest in doing work. I will do everything including research, bidding and etc. If we share the cost 50/50, what is a fair plan for profit sharing? 1/3 1/3 1/3? : : 1/3 for his money, 1/3 for my mony, and 1/3 for my work. How about he contributes all mony? What is a fair port of profit should I get for all my work? 30%? : : Thank you for your response. : : Peter : -=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=- : Peter, : The way we work it is the passive investors get 50% of the profit for putting up all money and the active promoter/operator gets the other 50%. If you, the promoter, put in money also then you’d get a prorata share of the 50% profit to the investors. : Hope this helps. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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