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Updated over 5 years ago on . Most recent reply

User Stats

146
Posts
64
Votes
Nathan Cross
  • Investor
  • Saint Louis, MO
64
Votes |
146
Posts

Should I start searching for a new partner/investor

Nathan Cross
  • Investor
  • Saint Louis, MO
Posted

So found out that the current partner/investor is having to slow down on his investing into flipping for a little while. He didn't say he was going to stop investing with me, but did say that his next venture was starting to look at his financials. I was not too upset about it, but I did start thinking damn I have to find another person or two to invest to keep this train rolling. We currently have one property on the market, another about 2 weeks or so from being on the market, just closed on another one today, and will close on a duplex in about two weeks. I been working the skip trace logs that I have all day today, in between checking on properties and meeting with a new GC. So, my question to the Bigger Pockets crowd is what would you do in my situation? Oh I did forget to mention, I have a possible another investor who I have worked with in the military. He has about $60K on hand to invest into a flip. We are going to go over stuff tomorrow, and I will show him how I do all the contracts and take care of everything so to make it easy on him to sit back and wait for his ROI's.

But any and all advice for anyone that has come to a situation like this would be great! Thanks 

  • Nathan Cross

Most Popular Reply

User Stats

2,326
Posts
2,314
Votes
Matthew Irish-Jones
  • Real Estate Agent
  • Buffalo, NY
2,314
Votes |
2,326
Posts
Matthew Irish-Jones
  • Real Estate Agent
  • Buffalo, NY
Replied

Why do you need a partner?

  • Matthew Irish-Jones
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Irish Jones Realty
4.8 stars
43 Reviews

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