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Updated almost 10 years ago on . Most recent reply

User Stats

89
Posts
13
Votes
Christopher Abernathy
  • Solarcity FEC
  • Torrance, CA
13
Votes |
89
Posts

WWYD? Partner has $10k in NC to invest/ Im in CA w/ rehab experience !

Christopher Abernathy
  • Solarcity FEC
  • Torrance, CA
Posted

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 ??

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