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Updated about 2 years ago,
How to Present a Deal to a Potential Partner?
I am a brand new investor and I came upon a potential opportunity in Greenville, SC. Due to me focusing on decreasing my bad debts, I will have to present this opportunity to a partner who has the financing. It is a 5bd/4ba with 4bd/3ba on main floor and 1bd/1ba in basement.
Here are the estimated numbers:
Purchase Price: 230,000-250,000 (Listed for 280,000)
Full Gut Rehab: 100,000-120,000 (I have never done a renovation before so I am just guessing high)
. Refinance: 400,000-420,000
. Rent: 3,500-4,000
I would prefer to BRRRR and hopefully house hack after completed as my first option with a fix and flip second option.
My questions are how should I present this investment opportunity to a potential partner and what ideal type of partner should I find?
Thank you for any help that you can provide.
Jake Fenton