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Updated over 2 years ago on . Most recent reply

User Stats

33
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Quentin Thiery
  • Interior Decorator
  • New York, NY
5
Votes |
33
Posts

Found a Great Deal - How do I make money?

Quentin Thiery
  • Interior Decorator
  • New York, NY
Posted

Hi all,

I am a newbie investor but I don't yet have the capital or experience to feel complete confidence to pull the trigger on a deal - nor the resources to acquire financing, manage a rehab, etc. 

My dilemma: I think I found a pretty good deal, if my numbers aren't completely out of the left field (currently doing more in-depth estimates and analyzing), I definitely have something good on my hands. However, how can I position myself where I can profit off getting this deal under contract, or at least get some experience or money out of this deal? Of course, there are a lot of moving parts, but if I could get it under the right price, is my only option to "wholesale" it and make money off an assignment fee, or is there a way I can do that while also getting my feet wet with understanding the ins and outs of a property from rehabbing to getting a tenant in place.


Thank you for any advice you can give me!!

Most Popular Reply

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9,861
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5,552
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Eliott Elias
  • Investor
  • Austin, TX
5,552
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9,861
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Eliott Elias
  • Investor
  • Austin, TX
Replied
Quote from @Quentin Thiery:

@Eliott Elias

Thanks for your quick reply! When you mean experience investor, do you mean for the actual rehab of the property or simply an experienced investor just simply for turning over the transaction to another investor?

Thanks!

I would try to bring someone on who wants to pursue the project and execute it. Have you be there and put in the sweat equity 

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