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Updated over 3 years ago,
EQUITY PARTNER ??? GETTING MY FOOT IN THE DOOR??
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)
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THE NUMBERS:
ARV: 225K - 240K
PURCHASE: 130K
RENOVATIONS: 25-30K
APPRAISED VALUE: 191K
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THE PROPERTY:
4 BED
3.5 BATH
2,150 SQFT
.87 ACRES
ATTACHED GARAGE / WRAP AROUND PORCH
SOLID ROOF AND FOUNDATION
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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!