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Updated over 4 years ago,
Partnering on a great deal
Hey guys, I need some advice for how to approach a financial partner on a deal for a fourplex that has been presented to me. I need help with rehab costs for it, we'll be doing a lot of the work ourselves but after the down payment we'll have enough to have a comfortable reserves and I'm nervous this deal is going to go quick so I want to jump on it with a partner. We'll be living in one of the units and renting out the remaining 3 units. We'll be using the BRRR method after rehabbing.
What kind of interest in desirable in this scenario? What kind of things should I be doing to benefit a potential investor? What’s the best way to approach an investor with the opportunity?
Thanks in advance!!!