Possible first deal.

[Nathan Johnson]

Over the last couple months I've really thrown myself into talking to people, discovering leads, and looking at properties. All the while I've been learning. Today I said a deep prayer about allowing God to place something in front of me that I can "lean in to." I want to make that jump! Within an hour I spoke with a mentor and he encouraged me to keep digging. I called on a local farmhouse that was listed for 65k and the agent told me the price had just dropped 10k and wasn't even posted yet. The house was a wreck, needs engineered septic and well, and a ton of updates. 5 acres 3 maybe 4 BR, two big barns and would probably sell for 170k if redone well. I certainly don't have cash to go in at all, being a teacher. So I spoke to a couple of guys today not necessarily asking for money but just talking and they both basically told me that they were ready to go all in to back it! There's another comparable across town that I'm looking at tomorrow and then we'll see where it goes. I would provide most/all labor and subcontract everything else. I'd be their feet on the ground. Not providing any cash seems so foreign to me. I feel like the labor/expertise that I bring to the table is less valuable than the cash, even though I know it's quite valuable. What type of deal/percentage cut is typical in an investor/flipper relationship?

[Weston Meckes]

Pull the trigger! Nathan Johnson