Should I Partner with an investor or wholesaler

[Gabriel Fairman]

I purchased a home in the Los Angeles area of Lake Balboa, which I planed to do a “live-in flip”. I’m in the military so I knew I would be moving in a few years after buying. I’ve done a few projects (nothing major). I purchased the home for $465,000. Houses in the surrounding area sell between $600,000-$800,000. Now that it’s getting close to the time for me to leave, I’m rethinking my strategy. Lately I’ve been entertaining the idea of partnering with someone who has experience flipping houses.

Since I already own the home I figure we could split the profit from the sell or from the refinance. Any suggestions?

[JD Gunter]

Why would you partner with someone now that most of the work is done? Finding a place and buying it are two of the hardest steps, which you've already done. It seems like you would be unnecessarily reducing your profit. If you are getting ready to list and sell, you need a real estate broker that knows the market and can advise you on the expectations for condition and finish level in your area, not a partner. A good broker likely has contractors as well if that's necessary.