All Forum Posts by: Account Closed

Hello BP, I am new here and a newby in real investment as well.

A couple of years ago I had the opportunity to buy a triplex in Montreal. Now I want to take out the equity to finance a FLIP.

To be more specific, I want to use the equity for the minimum cash down and get a partner for a traditional mortgage (I can't because I don't have a stable job) use the rest to renovate.

Actively looking for a deal:

• Sending letters to owner that don't have their property for sale
• Looking for BSBO deals

Do you guys have any advice taking in consideration the current situation and the community in Montreal?

Also, how do you handle the partnership? Even if the person is my friend, I want everything clear in paper, but what about the %?

Any advice will be more than welcome.

Thanks!