Financial Friends {partners}

[Jessica Piff]

We have many deals that we're hungry to move on. The only thing stopping us from doing it is the fact that until next year I can't get conventional financing with banks due to needing two years of tax returns for the business that I started last year (our main source of income.) 

There are two types of partners we're looking for:

1) Someone who has capital or has equity in their home that would be interested in funding these deals with us. (Could be split up 50/50, 60/40, etc. We have some of our own capital to invest) 

2) Someone who works a w2 job that can secure loans with conventional financing. This type of partnership requires no money from you as we have the money for down payments.

All of the properties we are interested in are under 100k. There are quite a few properties that are even under 50k, but they need rehab of course. I have contacts for trusted good contractors, as well as all the other boots on the ground to start making offers. Also, we are happy to take care of managing the property managers, and being the ones to "deal with" everything to do with the properties. We are focusing on small multi-familes 2-4 units, that are in high cash flowing markets that also have the potential for short term rentals. However, if anyone has the ability to fund larger deals, we are very interested in commercial multi-families as well.

On another note, if you're a lender and you will lend on properties under 100k based on the income produced by the properties, that is also very welcome and almost preferred!