Updated about 2 years ago on . Most recent reply
Private money partner for a fix and flip
I have a fix and flip deal in Columbia that looks great and I am looking for an investing partner. If there is a lender that can act as a private lender, I can partner in two ways:
1) 50/50 profit split where I will bring the deal ("sweat" equity) and investing partner brings 100% of the funds. As described in an LOI, that investing partner would recover 100% of their investment at closing, and we split the profits 50/50, or
2) I will apply for a HML and that investing partner cover the 20% down payment + holding/closing costs, and I will provide a 12% annualized return on their investment.
If this looks of interest to you, please let me know! I have the analysis breakdown of the property in question and can discuss further for those seriously interested.
Basic info for now:
Purchase price: $450,000
Reno: $80,000
ARV: $655,000