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Updated over 5 years ago,
Should I start searching for a new partner/investor
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