Updated over 2 years ago on . Most recent reply

I have deals, HML, rehab, comping skills, but not a partner
I have been finding multiple deals that work for Fix and Flips & Fix & Holds around Big Bear, Crestline, Lake Arrowhead, Riverside, Moreno Valley, San Bernardino, Colton. The challenge is coming at 15% down for each deal. I know I need to JV with someone, or start raising capital to do more deals.
However, I've only done 1 fix & flip, 1 fix & hold, and 1 construction from the ground up in Mexico, & currently house hacking here in Beaumont CA besides having a track records of kitchen & bath remodeling, mainly countertops. I don't find hard creating DEALS. Yet, I don't feel as experienced yet since I haven't done any flips here in the States yet.
The predicament is that I lack of funds at the moment and it would take me months before I can save up for another deal. I've missed plenty of deals where I could've made money had I partner up with someone.
How would you suggest I approach potential JV partners and other potential Investors?
Thank you!!
Most Popular Reply

Approaching others for money or partnership can be challenging!! The most important factors in these steps are 1) being known and 2) being trustworthy. Start with the people in your immediate sphere of influence that could potentially fit the bill. Create a possible scenerio or two and create a presentation on what a partnership would look like (examples). And have a face to face meeting to discuss it. Regardless if they say yes or no, ask they what lead them to say that. This will give you great feedback on what to do or what to change for next time. PS- I'm a high performance coach and do a lot of work with clients on helping them grow in their confidence and courage as they build more relationships in their professional life. I'd be happy to talk further if you'd like to learn more.
- Sheri Fluellen
- [email protected]
- 307-772-1185
