Looking to Flip - Want Capital Partner

[Account Closed]

Hey all,

I'm new to REI and want to flip/ BRRRR a single family home in New Jersey. My biggest hurdle is the finance piece. I have $20k but not much more than that and getting approved for a mortgage I think would be difficult because of student loans and such. Credit score is 730. I'd love FHA or FHA 203k but I feel like getting a capital partner may be my best option instead while I find the deal and do all the boots on the ground work.

Any thoughts or words of wisdom ? 

Thanks so much

Jesse 

[Jonathan Greene]

What's your value add to the equation? North Jersey is about the worst place to flip now with all the permit delays and town red tape they are throwing at us. If you want a finance partner, you have to have a reason why they need you. Are you a contractor? Are you finding the deals? I see you said boots on the ground and deal finding, but how? What's your experience finding off-market flips and how much will you spend on marketing? If you don't have a value proposition for your part of the partnership, the money partner wouldn't need you because there is nothing to gain that they can't do on their own.