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Updated over 8 years ago on . Most recent reply

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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
6,552
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9,365
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Funding 1st Flip As A JV Partner

John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
Posted

I am working with another BP member and funding a flip. This is a "trial balloon" so to speak. Numbers provided by my partner look appealing. If it works out as planned the returns will be higher than simply acting as a HML. Instead of putting up 70% or so, I am providing 100% of purchase and rehab. I would like to thank @Jay Hinrichs for his knowledge and experience not just to other BP members, but to myself. He has worked as my (unpaid) mentor for a few years now:)  Jay when you find your way to SW FL I certainly would like to treat you to a steak dinner! Thanks again. 

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