Second JV closed at 65/35 my way after I stopped just handing over a lead

The task list is the whole post. Percentages argued in the abstract go to whoever talks better. Percentages argued against a list of who does what go to whoever does more. I've used the same idea on land partnerships for years and it survives the disagreement that always comes at month five.

I don't follow the double close part. If the buyer had money, why does your partner need to borrow money for a day? Is that because the seller's side has to fund before the buyer's side pays, or is there something about the entity that made an assignment impossible? Still working out how any of this money moves.

@vellum two closings, A to B and B to C, so B needs cash for the first one even if it exists for 45 minutes. The assignment route skips that and just sells the contract, and some buyers or title companies won't play with an assignment. That's what I've picked up reading here, someone correct me.

@beacon that matches what I understood too. @tally what did the flat fee actually come to as a share of your 24k? I'm trying to learn how private money prices a one day risk and the only honest way is to see real numbers, not a rate card.

The nine days of title delay is what would have scared me. Did your contract have an extension built in, or did you have to go back to a relocating seller and ask? Someone with a start date in another city is the least patient seller there is.

@sable transactional funders in the range I've seen quote either a flat fee or a percentage of the purchase with a minimum, plus daily carry if the second closing slips, and the numbers vary by funder and by how fast they can see the C side contract. Don't anchor on any figure you read in a forum, the terms move and they price the specific deal. @tally the more interesting question is who bore that cost. Off the top before the split, or out of your partner's 35? Because if it came off the top you paid 65 percent of his capital contribution, which undoes some of what you negotiated.

The part I find useful, still deciding where I fit myself, is that your first deal at 50/50 wasn't a loss. You bought a template.

Dumb question, how did you get title ordered before you had a partner or a buyer? Doesn't someone have to pay for that up front?

The written repair scope is the item on your list I'd stress test. Whose contractor, and did the buyer's contractor confirm it? Every wholesale scope I've been handed was a walkthrough number with no allowance for the things behind the drywall, and the gap shows up as a price reduction request at day 20. You got 152k so either the scope was honest or the buyer didn't check. Which one?

@canton that distinction is the answer I actually needed, thanks. So the question isn't the fee size, it's which side of the split line the fee sits on. @tally same question as canton, where did it land?