Real Estate Investor · Chandler, AZ · Member since 2016 · 3 posts · 0 votes
Hi all, I'm a realtor in Phoenix and my client wants to do 5 flips a year with an angel investor, he is a GC so he can do the work, just needs the cash and a silent partner, which website do I start with? Thanks.
Crossville, TN · Member since 2017 · 121 posts · 168 votes
9y
If your client is a GC with much experience surely he has worked for clients that would have the resources to back him. People that know his quality and work ethic should be eager to invest with him.
Investor · Boston, MA · Member since 2015 · 398 posts · 147 votes
9y
Sounds to me like you are trying to solve his problem for him. Some lenders do specialize in rehab/fixer sort of loans and are used to working with flippers, however he probably needs some "skin in the game" like 25% of purchase price or something to actually close. I don't know of anyone that would work with someone with no history and they finance the entire deal.
Flipper/Rehabber · Mesa, AZ · Member since 2012 · 38 posts · 19 votes
9y
Start with a fantastic deal and go from there. If you find a great flip deal, you should not have trouble finding a money partner. If you find a deal and then post an ad for partner wanted in the marketplace and don't get any bites, then you likely don't have a great deal.
So: how do you plan to find great deals?
If you have something lined up that looks like it makes sense, shoot me a message. Maybe there will be a way we can help each other. Good luck!
Crossville, TN · Member since 2017 · 121 posts · 168 votes
9y
If your client is a GC with much experience surely he has worked for clients that would have the resources to back him. People that know his quality and work ethic should be eager to invest with him.