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Updated about 5 years ago,
Tips for finding investor
Hello all,
First post here. I'm looking for advice on finding an investor and if my method of partnering up seems reasonable.
I'm a contractor and a realtor. I have purchased my first home and completely renovated it from top to bottom (3 floors). I have significantly increased its value and am looking to venture into flipping.
What I'm looking for is an investor to provide the down payment as well as his/her name on title along with mine. They will also be paying half the monthly expenses such as mortgage and utilities.
What I'm providing is all the labour and materials for renovating (which I will have alot of it covered with my commission) and the other half of the monthly expenses.
Once sale is complete each of us get our initial money invested back and then the profits will be split.
Do you guys think this is fair? Also, do you have any tips on finding such investors?
Thanks