WWYD? Partner has $10k in NC to invest/ Im in CA w/ rehab experience !
1st off neither of us can leverage our credit. he has $10k to invest.
i can rehab on a dime, and bring a lot of value with minimal cost.
(tools knowledge of outlets/discount materials & sweat equity)
WHAT DO YOU RECOMMEND WE DO FOR OUR FIRST DEAL?
any and all advice welcomed.
?#1 - get more capital / partners?
?#2 - should we put 20% down on a single family flip in $50k distressed market area ?
?#3 - put $500 in yellow cards and look for motivated sellers/ wholesale.
?#4 - look for distressed properties and owner finance.
?#5 - run numbers for Cashflow on a mobile home in CA ??