At what point is it appropriate to start looking for help to JV a wholesale deal?

[Pat Quaranto]

I currently live in a house that is undervalued and has been neglected by the landlords. They plan to put it on the market within the next few months. I have decided this is not a property I would purchase through creative financing, but rather would like to wholesale it and be done with it.

I have comps pulled, and my next step is to get a contractor/estimator out here to give me a better idea of rehab costs. My head is all over the place and I would feel more comfortable doing this as a JV being that it will be my first.

In addition to the main question in the title of this post, my other question is this: What other information (besides the obvious ARV) do I need before I start looking for someone that would JV a deal with me? And where can I go to find someone that would be willing to JV?

Correct me if I’m wrong, but reaching out and saying “Hey, I know of this undervalued property and have comps” isn’t going to cut it. Lol. What other work do I have to put in on my end before looking for some sort of mentor to guide me through this while also making a little bit of profit for the both of us?

Thanks!