Rehab or new build partner wanted, DFW

[Greg Hellings]

I'm looking for a partner in the DFW market.

I have a house flip I got into thinking it was a cosmetic flip. When we got into the work it proved to be more than I bargained for and needs either a full rehab or a ground up new construction. I haven't done either before, so I'm in over my head on this.

Does anyone with experience in such projects want to partner with me on it? Or do you know someone who would want to? I've already got title to the property in my LLC name, so it should be relatively simple to modify ownership interest in the business to split equity.

Current house: 2/1, 702sf, 1920 build. Foundation (pier and beam) fully repaired and plumbing replaced this winter, but discovered additional deficiencies in the process.

Town: Waxahachie, TX

New builds in the neighborhood tend to be 3/2 or 4/2 and selling in the $250-280k range.