New Investor - No Money, but have a deal

[Ryan Hawkins]

Hey everyone, I'm new to real estate investing, and I came across a potential flip opportunity in San Diego, CA, that may yield a potential profit of $100,000-200,000. I need some help though. Here are the high-level details: - 5br/4ba - 4100 square feet - indoor pool/sauna/gym etc - 3 fire places - on a lake - appraised at $750,000-800,000. - the house is nearing foreclosure, but can be purchased for $550,000 from owner (personal friend). - needs $50,000-100,000 in renovations. - I live in San Francisco, but family and all connections in San Diego. - I'm a real estate agent part of my family owned real estate office in San Diego. Questions: - I have no money to invest in the property, but would like to work with an investor to assist with the flip. What is the process for taking out a loan using investor money? Will I be responsible for taking out a loan if the investor puts 20% down? - for a potential profit of $100,000-200,000, what is a typical split for an investor? - is there any advice/information that would be helpful to gather prior to pitching the deal to an investor? Thank you so much for your help - I'm looking forward to having a very successful first deal!