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Updated over 8 years ago on . Most recent reply

User Stats

32
Posts
5
Votes
Mark Cerminaro
  • Flipper
  • Scranton, PA
5
Votes |
32
Posts

looking for partner on flip

Mark Cerminaro
  • Flipper
  • Scranton, PA
Posted

Hi,

I currently have a single family home under contract on which I am closing on Feb.13.  I am also closing on a 3 unit and a 5 unit.  so looking to free up some cash and partner on the single family. 

open to suggestions on how to structure and what would be a fair split?

would be looking for my down money which is around 20k plus maybe the first phase of rehab if interested (I am using a HML on this and everything is approved and just waiting to close)

It is a single family home in a very nice section in PA (lackawanna county)

s.f. 1800

purchase $69,200

Rehab $32,780

ARV $177,000

projected profit after closing costs, holding costs and selling costs  $40,250

I can send more info and proposal of rehab at request

Looking for

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