$40,000 in Private Capital

[Waylon Gaye]

I’ve been digesting real estate for a while now, but I’ve never done a deal. I’ve always talked about it, read about it and listened to it, but I haven’t done one yet. Now, my “obsession” has got me into a situation where I’m not sure if I’m completely ready to handle the responsibility. So, I’ve come here for advice.

I have someone I’m close to giving me access to $40k to make a flip happen. I know the process of a flip and ways where I don’t have to use all $40k, but I guess I’m curious as to how some of you would go about making a deal happen.

I’ll share a couple of my thoughts:

1) Contact a wholesaler, get that property using hard money, do my due diligence, rehab, flip. (Not in full detail of course)

2) Tag team with an experienced investor on a flip. 

There’s more thoughts I’ve had, but I want to leave room for different ideas.