Need funder - What if we split profits?

[Duane A. Snow]

I am in a unique situation. Lenders are scare to give 100% because I have only done flip and hold at smaller amounts. I want bigger time with big results. Purchase $430K - Rehab $200K. Lake front home to sell at $1,000,000 to 1,200,000. Instead of a percentage to finance...what if it was a partnership and I ran the deal and split like 70/30? Not sure if anyone has ideas on who to look up for this. Let me know thoughts.

[Brian Fung]

Aloha Duane, 

Do you have access to any private lenders? Instead of asking for a full 100% from a partner, just raise money from private lenders to cover the down payment and make sure you work with a hard money lender that allows you to get your down payment from somewhere other than your own bank account. A lot of people stifle their growth by using private lenders to fund 100% of the deal. Instead, a better way to scale is to take that same money, and split it over 3-4 down payments to then be in a position to do 3-4 deals. At that point, money is not your problem. Sourcing deals and bandwidth (managing multiple projects) becomes your problem. This is where you want to be and where experienced investors are. 

I hope this helps! Aloha.