Attracting private money for fix and flip

[Jim Keller]

Show me the money......

Jerry Mc Guire had it to prove himself just like all of us that fix and flip homes.  I'm starting my 8th deal next week and have developed a great team of Realtors, contractors, and bird dogs finding me deals, rebuilding a quality product, and getting me top dollar when I sell.

In our market in Southern California we have figured out how to aquire property on a 12 to 25%  margin. So far to date we have only been able to close on the healthy deals with the bigger margins.  We just don't have the cash flow to work on more than 3 at a time. Theremember are opportunities we are passing on and wholesaling and I see it costing us money.  

We are doing all we can right know to better understand how to attract, and manage a private investor.  I would love to here how any of you have done it, what you did to attract, and what is your on going strategy when it comes to accounting and financial reporting to your investor.

Thanks for your help 

Jim