Updated over 8 years ago on . Most recent reply
JV between flipper and buy-and-holder?
My husband and I are just getting started putting together a rental portfolio for passive retirement income. We have 3 SFH which we were fortunate to buy at very good prices. Unfortunately, the market here has really heated up, and we've seen a 30% increase in the price of the kind of houses we're targeting in just the last 6 months.
This makes it difficult to make our cash on cash targets with purchase prices like that, so we haven't been able to acquire a new property.
We like the BRRRR strategy, but don't have the ability to do rehab ourselves. DH has a W2 and I'm in a wheelchair, so access and time to swing hammers is limited. We're also don't have any experience working with wholesalers or contractors. But we do have some financial resources, and I'm pretty good a keeping track of the money, honey.
Has anyone who is pursuing a buy and hold strategy partnered with a flipper to acquire a rental property? If so, how could that be structured?