Updated about 5 years ago on .
Hard Money and Equity Partner
Sorry for the repost but my post was deleted due a website monitor stating I was attempting to sell something. This is a request for assistance. Please contact me via Colleague Request to discuss further if need be.
My background:
After working 19 years for the federal government as a federal law enforcement I became ill at work. And I was terminated. I applied for immediate federal disability retirement. I'm awaiting approval and dispersal of funds for my retirement and also a pending settlement. I moved back to my home state of Arkansas. I begin to notice that my area has potential for investment properties but has been unsuccessful at obtaining funds to grow my business. A couple of weeks ago I invested in obtaining an L.L.C. And started the basics like a website, business phone, flipping software etc.
I’m fairly new to BP and the investment properties fix and flipping world but would love to hit the road running.
The question is should I look for a partner to fund my projects and split 50/50? I just done a walkthrough on a 4 bedroom/3 bath 1,800 sq ft. Home that I can obtain for $20,000 or less and needs $30,000 rehab. The comps for the area is $80 to $100,000. Can BP assist me with steps on what I should do and give me direction?