I have deals, HML, rehab, comping skills, but not a partner

[Alfonso Aramburo Zepeda]

I have been finding multiple deals that work for Fix and Flips & Fix & Holds around Big Bear, Crestline, Lake Arrowhead, Riverside, Moreno Valley, San Bernardino, Colton. The challenge is coming at 15% down for each deal. I know I need to JV with someone, or start raising capital to do more deals.

However, I've only done 1 fix & flip, 1 fix & hold, and 1 construction from the ground up in Mexico, & currently house hacking here in Beaumont CA besides having a track records of kitchen & bath remodeling, mainly countertops. I don't find hard creating DEALS. Yet, I don't feel as experienced yet since I haven't done any flips here in the States yet. 

 The predicament is that I lack of funds at the moment and it would take me months before I can save up for another deal. I've missed plenty of deals where I could've made money had I partner up with someone.

How would you suggest I approach potential JV partners and other potential Investors?

Thank you!!

[Alfonso Aramburo Zepeda]

Quote from @Lawrence Potts:

Quote from @Alfonso Aramburo Zepeda:

I have been finding multiple deals that work for Fix and Flips & Fix & Holds around Big Bear, Crestline, Lake Arrowhead, Riverside, Moreno Valley, San Bernardino, Colton. The challenge is coming at 15% down for each deal. I know I need to JV with someone, or start raising capital to do more deals.

However, I've only done 1 fix & flip, 1 fix & hold, and 1 construction from the ground up in Mexico, & currently house hacking here in Beaumont CA besides having a track records of kitchen & bath remodeling, mainly countertops. I don't find hard creating DEALS. Yet, I don't feel as experienced yet since I haven't done any flips here in the States yet. 

 The predicament is that I lack of funds at the moment and it would take me months before I can save up for another deal. I've missed plenty of deals where I could've made money had I partner up with someone.

How would you suggest I approach potential JV partners and other potential Investors?

Thank you!!

Congratulations! Good work 👏 you’ve already done more than most people have. If you’re comparing yourself to other investors that have been in the game longer than you have or that have done more deals than you, that needs to stop. You can’t compare your journey to anyone else’s journey. You can use their journeys to learn but don’t let it hinder you from what you’ve accomplished and what you can accomplish. You said, “I don’t feel as experienced…” compared to who? Why do you feel that way? Forget how you feel: look at the numbers and facts: you’ve done a few deals and you’ve created a system of finding deals. Having a deal is a HUGE value to anyone that’s been in the game long enough.

Second. I’d connect to as many people in local REI meetups as possible. Tell them your problem is you have deals but no partners to come in to help fund. Tell them what you need, they’ll come up with a way to help. Your problem is very fixable! But you need to build your network. Talk to HML and find out who they get calls from the most. Talk to property managers and figure out who owns decent size portfolios. Call agents and see who is flipping houses.

Hope that helps!

Appreciate your advise, It seems what I have to network even more and build up that confidence!