Looking for a JV partner for a flip in Atlanta, GA.

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Looking for a JV partner for a flip in Atlanta, GA.

Shai Dahary
Investor · Atlanta, GA · Member since 2023 · 12 posts · 4 votes

Hey guys, I am looking for a JV equity partner will get 50% ownership. on a Flip in Atlanta, GA. Will need to fund the down payment to the lender plus closing costs, Capital for 1st draw and 12-14 months of Interest payment to the lender. Property details:

1600 sqft brick ranch in Morningside neighbourhood . 8 and 9 grade school districts. The plan is to do a full gut renovation to the main level, Add an attached garage with new driveway. Add a 1500-1600 sqft second story and make it approximately 3000 sqft. Comps with Low days on market. These are the numbers:

Purchase price: 575k

Reno budget: 560k-600k including contingencies

ARV: 1.6m

Fund amount:280k

Closing:12/28/2025

If anyone interested send me a message.

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  • Reginald TrussPro Member
    Lender · Toledo, OH · Member since 2015 · 1k+ posts · 96 votes
    10mo

    Shai — solid Morningside location and strong ARV upside if execution is tight.

    Before a JV equity partner steps in at 50%, most groups I work with will want clarity on a few items:

    • Who’s funding the senior debt and at what leverage
    • How the $560k–$600k rehab + vertical addition is phased and drawn
    • Contingency structure for cost overruns
    • Exit assumptions (list vs pre-market, timeline, price sensitivity)
    • How interest carry is handled if timeline stretches

    I work with a few private capital sources that look at heavy value-add / vertical expansions like this when the numbers and controls are clean.

    If you want to sanity-check the capital stack before locking a JV partner, happy to compare structures and see what actually pencils.

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  • Stephen QuesinberryBusiness Member
    Real Estate Agent · Cumming, GA · Member since 2016 · 229 posts · 157 votes
    10mo

    Interesting deal and strong location—Morningside plus top school districts and low DOM comps definitely support the thesis. From the equity side, I’d emphasize that on a project of this size, track record and execution matter as much as the numbers. Full gut + vertical expansion is doable, but timelines, permitting, and cost control are where deals like this are won or lost.

    I’d want to clearly understand prior similar projects completed, actual vs projected timelines and budgets, and how construction oversight is handled day-to-day. The structure looks straightforward, but execution risk is the main variable here.

    Happy to connect offline and compare notes or take a closer look.

    Cornerstone Real Estate Partners
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  • Shai Dahary
    OP
    Investor · Atlanta, GA · Member since 2023 · 12 posts · 4 votes
    10mo

    @Stephen Quesinberry I sent you a message 

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