Private Investor Inquiry - Seeking Private Investor
I located a foreclosed home that is selling for $180,000 and has a zillow estimate of $430,000-$500,000. Similar homes on the same block and area have sold from $385,000- $439,000. The home needs repairs that are quoted by the seller as around $50,000. My question is first: what type of information would a private investor need in order to proceed?
Also - I am new to real estate, no prior home ownerships, no wholesaling experience, nada, zilch - but I'm looking to move forward. With the necessary fixes, I will be able to refinance the house and pay the investor plus their percentage but how do you locate a potential partner if your own portfolio comes up short? I recently signed up for a local real estate group, so I'll be joining in on our weekly classes next week. I look forward to meeting potential collaborators, mentors, and like-minded individuals - but would like a bit of guidance in how to even go about RE proposals if you have no proof of your own success.