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Updated over 3 years ago on .

User Stats

33
Posts
5
Votes
Matthew M.
  • Buffalo
5
Votes |
33
Posts

EQUITY PARTNER ??? GETTING MY FOOT IN THE DOOR??

Matthew M.
  • Buffalo
Posted

I HAVE A PROPERTY UNDER CONTRACT IN BONAIRE, GA. I AM IN THE PROCESS OF FINANCING THE DEAL AND AM HAVING A HARD TIME GETTING MY FOOT IN THE DOOR BEING A NEW BUSINESS AND ALL.

THIS CAN BE EITHER: 

FIX N FLIP (LIGHT TO MODERATE)

OR

WHOLE-TAIL (TAKE OFF MARKET PROPERTY AND PUT ON THE MLS WITHOUT DOING ANY RENOVATIONS)

*******************************************

THE NUMBERS:

ARV: 225K - 240K

PURCHASE: 130K

RENOVATIONS: 25-30K

APPRAISED VALUE: 191K

*******************************************

THE PROPERTY:

4 BED

3.5 BATH

2,150 SQFT

.87 ACRES

ATTACHED GARAGE / WRAP AROUND PORCH

SOLID ROOF AND FOUNDATION

****************************************

HOW SHOULD I GO ABOUT GETTING THIS DEAL DONE SO THAT I BUILD A TRUSTED WORKING RELATIONSHIP FOR THE REST OF MY UP-COMING PROJECTS. 

I HAVE BEEN A GENERAL CONTRACTOR FOR 10+ YEARS. (FIRST FLIP. NOT FIRST CONSTRUCTION PROJECT).

THANK YOU!