How do i find an investor/

[Account Closed]

i have some friends who have an agency and they have a house that the bank accepted for a short sale but they havent put it on the mls and so really nobody knows about. Why they arent pushing this home is beyond me. My friend says it can easily be bought and sold for 50-100 grand more than what it can be bought for which is probably something like 200. The only reason he hasnt done it is he has no money or credit. So, how do i find an investor to arrange some type of deal to buy and sell and then split the profit. I knew one guy who i took to the place but he ended up putting an offer in elsewhere. Oh and by the way Ive been to this place and the inside is completely re-done, the outside is nice and painted, the only "bad part" of this home is its not in the best area. But that doesnt matter since it can be sold right away for a ton more money..Guys, help..ideas..criticism for god sakes!!

[Rich Weese]

imo, you're expecting too much. You want an investor to take all the risk, put up all the money go into title, find a buyer and you get 50%. What exactly did you do to earn the 50%? If the investor has to put up 200K to make "50-100K", that isn't real exciting. What if it doesn't sell quickly? What if the market takes another tumble?
If you really believe the investor will make that amount, then structure the deal where the investor receives all his costs back and the first 50K on top of it, and then you split the balance. If you think it will sell quickly, then the deal goes for 90 days. After 90 days, your % goes down 10% each month. You might find an investor on that basis. Rich.