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Updated almost 11 years ago,

User Stats

30
Posts
25
Votes
Michael Do
  • Contractor
  • Tigard, OR
25
Votes |
30
Posts

First Deal, Investor Search

Michael Do
  • Contractor
  • Tigard, OR
Posted

Hi, I am new to the site. I have my first potential deal. I am a General contractor who works for a few flippers venturing on my own now.

House:

Thinking of an offer of $425k

Reno: $75

Comps/ARV: $600k-650

I always thought I would start with a smaller house. How do I find investors in the Portland, OR area that will invest in the purchase, how do I find working capital, and is there a good way to structure the deal to use my company to do all the reno?

Facts: House is probate sold by a family friend. Mortgage paid for so any offer is pure profit for family. They dont want to finance and want to get rid of the house. Already had cash offers for $400k with not mls listing.

Any tips for a newbie?

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