Real Estate Investor/Agent · Tampa, FL · Member since 2016 · 2 posts · 0 votes
Good day, folks!
Been buying, cleaning up (mostly cosmetic) and renting multiple times in the past 10 years. I got to the stage where I need to improve/diversify my game by flipping houses in the bay area. I am savvy business professional (full-time job), investor and real estate agent. I am looking for someone who has flipping experience (not a lot necessary), honesty and desire to build some great value - while having fun. Looking for 50/50, up to $200K (purchase/repairs/fees) for a start. Also, I want to mention that I am not afraid at all of buying vacant land, building a (very) cute SFH and reselling.
Real estate is really a fun, challenging and rewarding game - it's all about playing smart.
Hi Simon, Quick question... Why take on a partner with high LTV fix n flip loans out there? I'm truly curious as I talk with flippers all day everyday. I would think that financing 90% of the purchase plus 90% of the rehab costs would be FAR better (even at 11% interest) than splitting 50/50.