Rural SW MO Wholesaler

[Steve M.]

Hello everyone,
This is my first post on the site. Looks like a lot of great information.

I am in a rural area north of Springfield, MO (Branson MO everyone's probably heard of). There is mucho opportunity here for real estate deals. I do not have the credit or finances to do this alone, so I am looking for investors who want to buy & hold or flip properties. I can find many properties at 40-80% below ARV, some including repairs. There is a tremendous opportunity for Owner-Financed deals at, I think, 8-13% interest rates.

I am focusing my efforts in Polk County, MO. The city I live in is a small, private university town with about 10-12k in population. We are only 30 min's from metro Springfield (300k I believe) and many people commute from here.

I have census info available and am finding motivated seller deals every day.

I want to primarily wholesale most deals for the first 12-18 months. My first RE deal I have done was for my own home that we moved to in April.

L/O Deal for $125k, $5k Down (seller was asking $130k/10k down). 2.5 yr option term with $850/month.
3500 SF, 5Br/3.5 Baths on 1 acre with swimming pool.
$1500 Repairs over the summer if that.
ARV=$195K conservatively.
Year built: 1972

So, thanks for reading and looking forward to getting on the forums.