Hey, I would like some help please
Two months ago I left home finally in search of a real estate deal in San Bernardino, California. I attempted to buy a property in the tax foreclosure sale. I came with only about 30k to purchase something and as I later found out everything went to high for my budget. After about a month and a half of just checking out the sites while I was there I left for Fresno, California to meet with an investor who had some properties that he bird dogged out for a charge if I were to buy anything he found. I later met up with a realtor who found me a pile of REO's for me to see, so I saw them and now I would like to purchase one of them. They are all under 100 grand, so I could come up with about 30k myself, but I don't think ill be able to get any financing because my job is in Canada in which I haven't been working at for a while. I would like to be able to lowball a few offers to buy so that I can repair something as far as paint and possibly flooring , maybe a few other small repairs. If I could get a good enough deal I would like to purchase something if I could get the financing. If I were to buy anything in this market that I have my eye on under $100k and repair it for 15-20k in 1 months time, and sell it in about 2 more months I should be able to make around 50k on something. I wont get anything If I can't make at least 50k on it in 3 months. And that is putting the place out for a lower price than everything else.
Would anyone have a clue how I could put together one of these deals? If someone could get in on one of these deals with me, I will do all the work on the place and give the lucky investor ~50% of the profit off the place once sold. Please message me back or make reply comments for me if you have any suggestions, comments…
Thank you,
Brian Yakiwchuk
PS if I placed his in the wrong place, Im sorry, please inform me and i will try and repost it where I think it most fits