investment property possibilities
Hi, i have a property in NYC that i can acquire for $550k and im also a general contractor that can fully gut and refinish the property.
Only issue is i don't have the cash to purchase and perform the construction. The owner is a family friend who is also an investor and wants to help me start out with real estate investing.
All in all, is there any way i can find an investor who will purchase the property in a partnership agreement and give me the money to perform the construction (cost price obv.) and flip the house for $900k? splitting the profits 50/50?
New to this, so just want to know if there are investors that are out there that are willing to invest their money in the property and use my expertise to perform the construction at cost price and sell for a profit later?