Looking for an investor partner in the Tampa, FL area

[Joshua Wilson]

Afternoon BP!

In my life I've always found that I learn best by doing.  Now the difficulty is that it's difficult to do anything in the beginning.  I recognize this, so I'm trying to resolve it.  I would love to find an investor in the area that I could work with on a couple projects.  Let me tell you about myself, my history, and my offer to you.

I'm an IT guy by trade. Currently I'm working as a server administrator on MacDill AFB. My wife and I have been able to situation ourselves into a very comfortable 60% DTI ratio. I'll be happy to disclose actually income/expense numbers with interested investors. I love what I do, but I've realized that it's not going to be the vehicle to build the future that I want. I'm currently working full time bankers hours, and this is slowing my education and starting the business. My primary goal is to build an income stream that will allow me the relative freedom to be a stay at home dad for my future kids.(2 years away hopefully!) This should be roughly $5000 monthly. That's step #1. Step #2 is $10,000, Step #3 is $20,000... etc... The sky is really the limit once I get my systems, team, and education in line. I've also decided that after I get situated, I am going to focus on finding deals that will help people avoid foreclosure. If I can help someone else, help a bank, and help myself at the same time, that seems like a major win.

I bought a property for myself at a point which accidentally turned into a 14 month buy, rehab, rent, resell.  After all was said and done I netted $40k off that property and I'm super proud of that.  Since then I've never gotten rid of the "bug" on how much sense this industry makes to me.  Regardless to all it's nuances...

So here is my offer to you.  I want to get involved with 3 rehabs.  Ideally I'd love to be there for every bit of the process, but I know this is unreasonable.  I want to work for you.  I want to help make calls, follow up with the GC, swing by to photograph work, or whatever else I can do to help that I'm simply not aware of from experience.  In this capacity I would work for 5% of the total net profit.  Neither of us expect our time to be free, but I understand the cost of apprenticeship.  Subsequently I'm going to continue to evaluate and search for properties to get my own foot in the door.  If I find a property and bring it to you, I'd expect a higher level of involvement, and I would bump it up to 20% of net profit.

While it isn't the focus, I also have an offer to remote investors.  If you have a property you're interested in, I'd love to manage a rehab in exchange for 60% of the net.  In that time, I intend to be as self-sufficient as possible and report the progress to you.  However, I intend to use you as a mentor to the industry, to help guide and refine my approach and expectations.

Even if you aren't interested in partnering, I'd love feedback to the approach to maybe tweak it into something that is more the "norm" for real estate investing.

Thanks!