Hard Money Lending

[SteveOMS]

The risk/reward doesn't seem to add up here. The potential to make 12k or so just doesn't add up here. I think he's trying to use you as a risk shield if something goes wrong and it becomes hard to resell the house you bear the costs. The potential for a long listing to resell is also a danger, every month just eats away at your already small margin and even if the house is worth more then what you paid + repairs you can still loose out on the carrying costs.

In short if the boss was sure this was guaranteed profits he wouldn't be looking for a partner

Steve