Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago,

User Stats

1
Posts
0
Votes

What is my next step?

Posted

Hello,

My name is Jackson Pent and I am living in the Greenville, SC area. This area is near Clemson University and it is booming. Because of this, I want to get my foot in the house-flipping game. I have worked in construction for over 8 years and have no problem renovating houses. I have three investors each willing to buy a house with cash. I would do all the renovations, and then when the house resells we would split up the profits. I am trying to find the right house currently. Really trying to find something that just needs some lipstick and not open-heart surgery. The investor doesn't want to spend more than $130,000 on the house and the Reno combined. I need ideas on how to structure the deal with the investors so that It is done with minimal risk to both of us. I need to know if I should get an LLC or just let the investor take care of that part and I focus on finding the deal and doing the reno. Also, what would protect me throughout this process as I won't own any of the property myself? What does a fair deal look like in this situation?

Loading replies...