Looking to JV in Houston

[James Cook]

I’m a Realtor in Houston ,Tx and I flhave finally decide to “get my feet wet” I have helped investors in the past fix and flip and found that my Market Knowledge was very Valuable... here is the situation I have 3 properties that are perfect flips but I looking to JV for financing . I do have one investor whom I have worked with on previous flops as his buyer And listing Agent willing to finance with @ 65/ 35 split but I’m wanting to explore other option before committing. Here are the details in each property Property 1 Short Sale Market value 225k Repairs ~ 18-22k with Materials Offer price 150k **** this is a Listing I am working directly with the bank Property 2 Estate sale Market Vale 205k Asking 150 Repairs 10k Guest house did flood 90% of repairs done on it Main House never flooded does have some issue with Piping and will need some Sheetrock repair as pipeline leaked in to kitchen Masterbedroom. Property 3 Property flooded and Vacted This one is tough it Flood during Harvey And small amount maybe 3 inches didn’t Tax day floods . (It’s my next door neighbor ) Repairs are around 50k Market value around 215k Offer PrIce 115K Lookiing for feedbacK.

[Danny Webber]

Never partner unless you have to. If you can get financing and control the deal yourself that is the only route.

Operationally and financially partners are usually not the best idea unless needed for a specific reason.

There are few exceptions to this rule.