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Updated about 6 years ago on .

User Stats

20
Posts
5
Votes
Gabriel Fairman
  • Investor
  • Honolulu
5
Votes |
20
Posts

Should I start looking for a partner?

Gabriel Fairman
  • Investor
  • Honolulu
Posted

I purchased a home in the Los Angeles area of Lake Balboa, which I planed to do a “live-in flip”. I’m in the military so I knew I would be moving in a few years after buying. I’ve done a few projects (nothing major). I purchased the home for $465,000. Houses in the surrounding area sell between $600,000-$800,000. Now that it’s getting close to the time for me to leave, I’m rethinking my strategy. Lately I’ve been entertaining the idea of partnering with someone who has experience flipping houses.

Since I already own the home I figure we could split the profit from the sell or from the refinance. Any suggestions?