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Updated over 10 years ago,

User Stats

57
Posts
7
Votes
Daniella Ortiz
  • Real Estate Investor
  • austin, TX
7
Votes |
57
Posts

Partnering or being used?

Daniella Ortiz
  • Real Estate Investor
  • austin, TX
Posted

I was offered a gig with a more experienced rei...he said I would do the marketing (find the deals) , bring them to him and he would find the money from another rei to renovate the property and Sell it.  We would probably split 80/20.  I am not sure this would be very helpful to me.  I would do the grunt work but what would I be learning from him? 

What do you all think...how did you get started? I have some money to invest but I don't qualify for a loan due to a spotty work record because I went back to school. Should I find a wholesaler, buy using hard money and then search craigslist for a few handymen to renovate the house and flip it myself? Ideally I would rather not start my rei career with flips, instead I want to buy a duplex w a FHA And live in it. I can't do that because I don't have the work experience needed for the FHA.

Please share your advice

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