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Updated about 6 years ago,
Looking for an equity partner - Fix&Flip and possible New Cons
My husband and I are seeking an equity partner for two real estate investment ventures. I am a licensed Realtor in the state of California and Washington. My previous experience in real estate investments is in buy & hold and short term rentals - all three properties were renovated. My husband, Marc, is a general contractor/builder with 26 years of experience in New Zealand, Australia and the United States.
We are open to two separate partners, or one with whom we cultivate a longer term relationship if all parties feel it is a good fit.
We are currently looking for a property to flip in Orange and LA County (possibilities abound and we'd prefer to have a solid partner in place before securing a property).
Additionally, we have identified to lots for new construction in LA County. Approximate cost to build would be $680k with resale at current market prices for new construction in that area at $1.3 to $1.5M. The area continues to be a solid seller's market. Even if the market balances, new housing is in high demand and we are not counting on market increases to make a profit.
Please message me if you feel our investment strategy might be a good fit.
Thank you and have a lovely Thanksgiving Week!
Holly