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Updated about 3 years ago on . Most recent reply

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Investor or partner ?

William Truby IV
Posted

Hello, I'm looking to invest my first property to flip. My situation is I have roughly 40K cash to invest in my first flip. I've been pre approved for a private money loan which requires 40 percent down. I do not have a general contractors liscence but am experienced in many trades. And am willing to do all the work on the property / flip. Any suggestions on how to find an investor that would invest in a newbie for little profit on my end just to establish a connection and tract record of success to start this going and keep it going . I'm not sure if I'm trying to find an investor or partner that would match my cash ? Or possibly use my cash as collateral ? Just to get me started . They're REI would be obviously the profit for just investing and not doing the work but obviously they're risking a lot with someone new who has not established a track record in this field . Any suggestions would be appreciated

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