Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 11 years ago,
First Deal, Investor Search
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?