How to vet/check on a potential Real Estate partner

[Daniel Guerra]

My plan is to partner with a real estate investor on a deal I found.  The home is under contract and will be closing real soon.  The partner will be managing all of the rehab work.  I’ll be putting up all of the funds except paying the contractors.  My partner and I have agreed on the percentages of the profits after ALL costs.  

I met the investor once and talked to him via phone countless of times.  He would at times conference call with other individuals on his team to increase his validity.  He claims to have done 200+ rehabs, claims his work is top notch, and has his own crew of workers.  

I asked him for investor references so that I can find out more about him without him being present.  He mentioned he would give me references once he sees the home.  I asked him to go see the home.  He mentioned he will see the home after I close on it.   I also asked him to see one of his latest projects.  He gave me an excuse that I don’t recall.  He seems like a busy Individual.

How can I find out more about him?  Does any of this sound a little suspect?  Any tips/suggestions?

Thanks for the responses.

[Sam Shueh]

Talk is cheap. Without credit score reports, financing, proof of funds I do not waste a moment of my time. Move on.