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Updated 2 months ago on . Most recent reply
Investors wanted for deal with great potential
Investors. I have located a single family ranch style house in Denver Colorado (Sloan’s Lake area)
Sale price $600k
Renovation $150k
ARV $825-$900
I’m looking to form a syndicate for this property with serious investors. Please look at comps in this very desirable neighborhood. Contact me here for more details
Most Popular Reply
#3 Wholesaling Contributor
- Rental Property Investor
- SE Michigan
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#3 Wholesaling Contributor
- Rental Property Investor
- SE Michigan
Congrats and good luck.
I'd recommend against a syndication on a deal this size because you can expect the costs to be $10K+, which means you are giving up a large % of your profit to legal fees. Also, because you made this posting, you have violated the law if you wanted to do a Reg D 506(b) offering, so your options are now more limited.
It would be far cheaper and simpler to find a true partner.