Looking for a local JV partner on a house in Mercerville, NJ

[John S Lewis]

I'm negotiating on a deal on a 4 bedroom, 1 bath cape in Mercerville, NJ. I'm looking for a JV partner to bring the money for purchase, closing and renovation costs.

The numbers are as follows:

Purchase Price: $120,000

Renovation $ 30,000

ARV $200,000

Gross Profit $50,000

Closing Costs(buy and sell with commis) $17,000

Potential Net Profit $33,000

I will manage the project.  We can split the profit.  

I'm looking for local partners only that can show POF when we sit down for coffee.

PM me and we can discuss all the details.

Thanks.