The Equity Partnership Quiz

In a typical equity partnership, both people put up money, one person does all the work and they split the profit 50/50. *

True

False

When would the Equity Partner get a 1 to 1 profit split (% of profit equal to % of contribution to costs)? *

When the equity partner's money is subject to a first position loan.

When the investor is a poor negotiator

When the moon is in the seventh house and Jupiter aligns with Mars.

I could probably make it more obvious but do I need to? In the Age of Aquarius you won’t need to flip houses because of Golden living dreams of visions… (you have to be pretty old to have any idea what I’m talking about). Google “The Fifth Dimension” for enlightenment.

How many officers should be in your corporation you create with your Equity Partners? *

4 is the minimum state requirement

Only 2 are required, but 4 is ideal

Say what? You don't need a corporation.

Just 1 – you.

Just 2 – You and your partner

Who are your real customers in this business? *

The people who buy your houses

The real estate agents who sell your houses

The sellers of the properties

Your funding sources.

Think about what you are really selling — it’s you. Your ability to gain the trust and confidence of people around you is a critical component in your success.

If Funding Sources are out "customers," what exactly are they "buying?" *

Return on their investment

When life (or this course) hands you only one choice, it’s probably the correct answer. Give your customers great value – return on their investment. Choose wisely and they will not only return, they will tell their friends.

Show Me The Money: How to Fund Your Real Estate Deals

The Equity Partnership Quiz