Have motivated sellers & can't take down the deals, please help!

[Marc Sinnott]

Hello BP friends,

I have motivated sellers and can't take down the deals myself - need help and/or advice please!

Here's the situation: I just completed my first single family fix&flip. My girlfriend and I have been working on the project for the past several months, finally finished the house and got it on the market, and we're thrilled with how it turned out!

During the course of marketing the listing - holding open houses, dropping off flyers for neighbors, etc - I have come into contact with a few owners who want to sell off market. Specifically, there are two owners who I've spoken to who are very motivated to move, and don't want to list their houses on the market. They want an investor like me to make them an offer and give them an easy out. Seems like an investor's dream, right??

Here's the problem - I am heavily invested in the flip I just completed. Until this house sells and closes, I don't have the bandwidth or capital to take on another project. Unfortunately, I just don't have the ability to carry more than one project at a time yet. But, I know that I can't let these motivated seller leads go to waste. I'm looking to the Bigger Pockets hive mind to find some possible opportunities with this situation. Here are a few of my initial thoughts:

• Should I bring in an investor who does business in that area, pass off the leads to them (maybe for a finder's fee), and let them negotiate as needed?
• Should I attempt to get the sellers into contract, and then turn around and find other investors to wholesale the deal to?
• Should I keep the sellers engaged, and bring in one or more partners to participate in the deal?
• I also have my RE broker license - should I try to convert them into listings which I can market and sell for commission?
• Is there any other angle or opportunity I'm not seeing?

Any advice on this topic would be greatly appreciated! Also, if you (or someone you know) is an active investor in the East San Gabriel Valley area of Southern California, and would like to work together in some capacity, please don't hesitate to get in touch.

Thanks in advance for your help!

Marc

[Jay Hinrichs]

Originally posted by @Marc Sinnott:

Hi Jay, Thanks for jumping in on the discussion! Can you please elaborate a little on your answer?

Are you suggesting that I bring in partner(s) with capital, and try to take on the deal as a flip investment?
What is your role in the deals you mentioned, where you help guys like me scale?
Apologies for the barrage of questions, as I'm pretty new to investing!
Thanks again,
Marc

Originally posted by @Jay Hinrichs:

I would be lining up a capital partner we do this all over the country .. we help guys and gals like you scale.. Not advertising for business just stating there are plenty of folks like me that does this for a living for the right situation.

I have one going in Temecula right now..

yes here is how I would do it..  I would provide all the down payment money all the payments insurance etc.. you would simply handle the utl

You would go to any number of the great HML there in socal and get the loan.. the money I front is for your down payment and the interest reserve.. so other than utls you have no skin.. that's how I do it.. then we split profit.. great deal for my folks better return for me than funding the whole thing since CA is high priced real estate.. and I am not a 8% 9% lender.. like the HML are. so lets say the project makes 100k you get 50k I get 50k.. or whatever we negotiate.. sometimes I take a pref rate of return and as little as 20% of upside .. just depends.