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Updated about 6 years ago,

User Stats

29
Posts
14
Votes
Holly McDowell
  • Realtor
  • Spokane, WA
14
Votes |
29
Posts

Looking for an equity partner - Fix&Flip and possible New Cons

Holly McDowell
  • Realtor
  • Spokane, WA
Posted

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

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