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Updated over 4 years ago on . Most recent reply

User Stats

10
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6
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Ryan Savage
  • Fort Worth
6
Votes |
10
Posts

Looking to partner on flips

Ryan Savage
  • Fort Worth
Posted

Hi everyone! I'm a licensed realtor and real estate investor in Texas, specifically DFW area. I have some capital but not enough with the stricter HM guidelines due to Covid. Looking for a partner on my flipping deals that I find that could put up the cash to close and just be a passive investor and let me handle everything else. 50/50 split. Please reach out if interested!

Most Popular Reply

User Stats

6
Posts
2
Votes
Austin Wallis
  • Eagle, CO
2
Votes |
6
Posts
Austin Wallis
  • Eagle, CO
Replied

I just experienced the same money issues with COVID impact (ie credit score > 800, own a $500k home, etc.) on my first flip deal and was able to go through my retirement on a line of credit, got a heloc, and personal loan from family for the last 5% via promissory notes.  FYI, it sounds like you're under a bind, but a 50/50 split is still waaay generous.  Not sure if you've looked into reselling the deal itself to a wholesale buyer yet, but that's also an option.

Best of luck!

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