Lender 路 OR 路 Member since 2023 路 7 posts 路 1 vote
Hi! Looking at doing my first flip with my husband. Property is listed on auction.com set to go to auction on May 22nd.
Opening bid: $125,000
My ideal top bid: $225,000
Flip costs: $60,000
Return to investor: I'd like to try a 1% per month return structure - if that's possible or seems appealing to the investor. Gives me an incentive to finish the flip quicker but still gives you a good ROI (in my humble opinion). If completed/sold in 6 months, the 285k investment would come back to you as $302,000.
I am a first time flipper so a partner who isn鈥檛 up my a** but would want to work with me like a team would be amazing.
Again - I don鈥檛 know if this is possible. It makes sense to me on paper but if anyone is interested maybe we could dive in more and see if this works?