Anybody want to partner on a flip in the ATL?

[Darrell Shepherd]

I've got a rehab in Grant Park I'd be interested in partnering on. Its a fairly thin deal, but super light rehab and its a short sale I put under contract when inventory was tighter than it is now...I've bought 3 houses since saying I'd buy this thing. Joy of working short sales I guess.

Rough numbers are:

Purchase: $180k

Rehab: $8k

Sale: $250k

I was gonna change the floorplan some and update more and sell in the $275k range, but I think the better play is to just do paint, carpet, clean up and flip it quickly for $30k or so after holding/sales costs.

Had some new private lenders not come through so its either find some money or a partner or go institutional hard money...which doesn't appeal to me.

Open on terms and split depending on how the work/money/experience shakes out. I'd give up most of it just to get the deal done on this light of a job.

Willing to borrow on the deal too if there's some lenders out there reading this, I can put the cash in needed to get the percentages in line.

BTW, I'm 14 years and well over 100 deals into this stuff...