Looking for Flip JVs / Gap Funding Opportunities

[Suzanne P.]

Over the past 2 years I have been involved in various flip JVs in Canada and the United States as a funding partner, and I like that business model. I love win-win scenarios where all parties stand to benefit. As some of my projects are finishing up now I am looking to find more JV / gap funding opportunities with experienced flippers.

To minimize and diversify my risk I cap my gap funding at $30 to $40k per deal and I prefer deals where I am the only gap funder or where there are no more than 2 gap funders; in this case the flip would need to be held in an LLC between the developer at 50% and the remaining 50% of the venture would be split among the gap funders at their respective percentages of the gap funds.

Once the deal is underway I am looking for weekly updates that include photos and expense summaries. My experience so far with other flip partners has been very good with the exception of one project that is now 3 months behind schedule and $15k above budget, mainly due to the lack of experience of the developer. For this reason, I am looking for active investors with a portfolio of several successful deals, ideally in markets where the capital investments for flips are lower.

Thank you in advance for connecting with me.