Orlando area My background, possible assistance

[Jared S.]

So I've been looking for a house for a couple months.  Came somewhat close twice now.  The last one was a home in Oviedo I liked a lot, margin was small but wanted to do my first flip and get my feet wet so to speak.

As I continue to look, I've noticed that not having cash is a big disadvantage.  Places like Hubzu and auctions, I might as well forget about.  No cash for a full purchase.  

My background:  degree in finance, early 30s, I work in the industry but not in sales.  I have a pretty good idea of what homes need to sell, I have a good grasp on what I can sell them for when rehabbed, and I have a good idea especially in Oviedo of what people want and how much money to put in a house to get the best return.  I have a good handle on construction, I have folks that I can get material and labor, etc.  I can get things at cost or just over cost.  My credit is decent, roughly 700 score. My problem is no cash. Well I have some, but I can't purchase a home with cash.  I need a partner, or a way to obtain cash so that I don't go to the back of the line every time I want to make a move. Any ideas?  Anyone need a partner or want to try to work out some type of partnership?  Thanks!  

PS - I'm serious about the business, and I'm trustworthy.  I have a wife and kids.  I know this isn't a get rich quick business.  I know good contractors are hard to find, I know people don't show up to do work a lot.  I know all of these things and I'm very realistic.  I'm looking to get started!  Thanks for reading.

[Andrew Davis]

Hey @Jared S.

A few thoughts.  Have you considered working with a hard/private money lender?

They are ideal for the type of project you're wanting to embark on, and when you find a good deal, they can generally help you fund it.

The best way to find a partner is to find a good deal. You will (generally) not find a killer flip on the MLS. If you're in Oviedo, pick a few neighborhoods, and start walking or driving them and take down the addresses of any distressed looking properties you see. You can write letters, see if you can get a phone #, talk to the neighbors to see what they know or just go up and knock on the door.

Once you have a good deal, go to your local REIA meeting or post it here on BP and I guarantee you will have no trouble finding someone with cash.

Spend some time combing the site for tips on "driving for dollars", "direct mail", "off market deals", etc...

It sounds like you have relevant experience and skills, so my suggestion would be to find a great deal.  

If you build find it, they will come.