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Updated over 8 years ago,
New REI investor concept
I have a new investor concept that I'd like some input on. I'm currently working as an Emergency Room Nurse in Central California (3 12hr shifts per week) leaving me plenty of time for investment. Prior to this I was a General Contractor for 12 years and ran crews all up and down the valley both for home owners and investors. I still maintain my license and my Wife is both a Real Estate Agent and a Mortgage Lender (2 separate offices). Here's the concept:
Would you as an investor be interested in financing the purchase of a BRRR, and partnering with a contractor to handle repairs, maintenance, and property management on a mutually agreed upon and contracted basis, in exchange for equity at a pre-determined sales date or market indicator?
Essentially, you buy it, I fix and manage it, and then we sell or refinance it and pay out my equity position?