Episode 16 - Project #8: Fool Me Once…
Deal Details
- Address: 548 Karey Drive, Birmingham AL 35215
- Type: Flip
- Year Built: 1970
- SF: 1,607
- Mix: 4/2
- Year: Mid2019
- Timeline: 3 months
- Project Cost: $107,000
- Purchase Price: $62,893
- Rehab:$5,765
- Sales Price: $135,000
- Profit: $66,000 (split 50/50)
- Before Photos
- After Photos
- Video Tour
Business Partnerships
- MUST have common values
- Don’t need to have the same background, but extreme differences may cause issues
- Complimentary skillsets
- Aligned goals
Key Takeaways:
- Your business partner must share your values and goals
- Read Gino Wickman’s book “Rocket Fuel” before entering into a business partnership
- Don’t partner with contractors
Episode Resources:
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