First House Flip then JV? thoughts

[Paola Zara]

Greeting to all, Any thoughts/recommendations on my journey? Stuck...

My husband and I bought our first home back in 2020 (Killer deal, right out the MLS). We did a complete rehab project ourselves with the help of recommended people in our friend circle. The help was essential since husband and I had an 8-5 job. NOW, we have saved enough money and are ready to start a Joint Venture with 3 other people that bring the deals and will show us numbers and how to run a project successfully. Sounds great right? Here are my concerns; I'm there very first client! Even though they all have their own years doing wholesale/rehab/agent, its frightening because there is a lack of communication. We are reaching about 2 months and still no deal. I'm relying on them to do exactly what they said they would be doing, and I'm a bit impatience since our money is not doing much. Husband and I will be funding the rehab project from beginning to end NOT including the home price (this will be through a hard money lender). Profits after the house is sold 30/70, husband and I will be getting 30% of profit plus the amount we put in the project. THATS IS COMPLETELY FINE! I'm so hungry to learn that even a 5% return is fine! I JUST WANT TO GET STARATED! My investment friend circle is sooo small that they might be the only 3 people that I honestly know are in this full time. I dont know any hard money lenders that will lend to first timers.... Any thoughts on our situation? WE are STUCK....

Located in Southern California, if anyone want to meet up for a friendly conversations we are available...