Posted by Steve-DC on February 04, 2002 at 07:57:12:
If you’re talking about presenting a business plan, there are lots of general sites on the internet that will give you a basic outline of what to present to potential investors.
For a real estate specific example, Kevin Myers’ “Buy It, Fix It, Sell It, Profit!” (the book’s at home, I don’t remember the exact title) gives a good overview/business plan for the different steps of buying a property wholesale, fixing it up, and selling it retail. You could probably borrow and tailor the section on buying wholesale for your own use.
I don’t know if I’d agree to a 70-30 split. What is your partner bringing to the table? If it’s just money and no transactional knowledge, in my mind it should be 50-50. The two components are equal in that you need both to do a deal.
People sometimes play up the role of the money…in my opinion, the money is easier to find than the transactional knowledge, buyers list, etc.
Just my opinion, hope this helps,