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Updated about 11 years ago,
Leveraging Investors' money
Hi,
I'm somewhat new to real estate investing. I came across a deal that looks good. I want to know how I can leverage investors' money to purchase the deal. To be specific, the deal was brought to me by another investor and he told me if I find someone to go in 50/50 with him then it could work. The home is going to cost $200K to purchase and another $25,000 to put into renovations. After all said and done, it can be sold between $250,000-$270,000 (there is 1 similar house (non-renovated) in the comps that shows it sold for $239K, but that's just 1 house). What are the strategies I can use with an investor to get $100,000 to put into the purchase of the house? I am new to this and am visual learning in the beginning! Thanks