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Updated over 6 years ago on . Most recent reply

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17
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2
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Cutter David
  • Rental Property Investor
  • Washington, UT
2
Votes |
17
Posts

Finding investors for your first home flip

Cutter David
  • Rental Property Investor
  • Washington, UT
Posted
I am new to the game but hungry and eager to learn! I’m wanting to find an investor(s) who are wanting to partner up for a house flip! What comes first? Finding the investor or the home.

Most Popular Reply

User Stats

187
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256
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Chris Jensen
  • Rental Property Investor
  • Bettendorf, IA
256
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187
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Chris Jensen
  • Rental Property Investor
  • Bettendorf, IA
Replied

@Cutter David my business partner and I are doing exactly what @Peter Fennig described.  My partner is a local GC who contacted me about partnering up on flipping.  I handle all the financing, insurance, legal, realtor work, and he manages the rehab.  We agree that each brings equal value to the partnership, and as such we split the profits 50/50.  Partnering makes is much easier to get started, because you can draw on each other's experience, skills and background to fill in where you lack.  But key is that you bring something to the partnership that a potential partner values.  If you're looking for someone who can handle the financing, then the expectation would be that you are capable and experienced enough to manage the rehab.  Best of luck to you.

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