Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Classifieds
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 10 years ago on . Most recent reply

User Stats

54
Posts
16
Votes
Howard Manning
  • Contractor
  • Sims, NC
16
Votes |
54
Posts

Ideas for newbies to jump start real estate investing.

Howard Manning
  • Contractor
  • Sims, NC
Posted

As an experienced rehabber with about a million in equity on paper I'm finding it hard to get either private money or hard money funding to fix and flip.  Newbies must find it nearly impossible.  So I like to explore ideas to jump start newbies in RE investing.  A thought I have is to set up a Joint Venture with a group of 5 or 6, primarily newbies and maybe some experienced investors, to get the first property to fix and flip.  After 3 or 4 properties the members could start drawing out cash from profits to start their own individual deals.  Each would need to kick in about $5000 to qualify for private lending, rather than the full $25,000 to $30,000 which for most of us is nearly impossible.  

Any ideas on how to structure such a group and how to hold title, and the funds.  I welcome your input.

Loading replies...