Got a great deal but not enough capital to do it, now what?

[Seth Rose]

The Seattle area is crazy expensive but ive been seeing a ton of people making money so I started getting into real estate education to see what I can figure out and have learned a lot from BP.

I went to a BiggerPockets event I found and I got a deal sent my way with a cash on cash return of 36% and a net profit of 106k with the performa sheet I was sent.

They included pictures and comps and looks like a great chance to make money but I have no clue where to find a partner or someone with money willing to capitalize on deals

Acquisition cost of 765k, 150k in rehab, then comps selling for 1.1-1.4m

Any advice on where to find investors or share deals is greatly appreciated

[Eric Black]

My first question is, if it's such a great deal and the numbers are as good as they claim to be, why is it still available at a local BP event? Why haven't the "ton of people making money" snatched it up if it's so good? 

I'm not being pessimistic, negative or doubtful and I'm not trying to offend you. But if the people who have successfully been investing haven't grabbed this deal, where does the person pitching the deal go? To a local investor meetup to find a newby?

Maybe it IS a great deal. Maybe, like most "deals", the proforma is inflated to look good. Have you presented the proforma you got to anyone else in the area who has experience? Again, I'm not trying to be a downer or discourage you, I just don't want to see someone just getting started get burned.

Cheers!

Eric