Looking for My First(ish) Property

[Mark Brown]

Hello BP, I need your input. I found someone (a colleague) who is willing to help me purchase my first investment property. He's been investing in real estate for sometime and has the resources to pay cash for a property. I want to buy and hold properties for long-term/passive income but he wants the two of us to flip a property so I can start my own bankroll and have cash to invest in future properties. Obviously I have no objections to this! He's also willing to split the profit on the first flip 50/50. I have no exceptions of a 50/50 split in a property that I didn't invest any of my own money into so that isn't a motivating factor. Well, not completely! I'm really just appreciative for the opportunity to get started. That said, I'm having a hard time finding the right property to invest in. He wants me to stay away from foreclosures and short sales because he believes the process is too long and doesn't want the headache. I have no skin in the game so, again, I have no objections. Where/how should I go about looking for a property? Am I overthinking this? Also, I'm not a Pro member yet but I still have four more free property evaluations on BP and want to use them wisely before I upgrade. 😉 Appreciate your feedback! Mb