Starting a DIY fix & flip fund with others in Sacramento!

[Derrick Gamez]

I work in repair and remodel construction so I am confident on the fix side of things. However I am looking to ask my co workers and others in my area or local REIA if they want to join a fix and flip project. I am unsure how the next few steps should play out. Do I just show a couple examples of local house flips, before, and after numbers; then collect there investment? Im thinking of asking for a 2k minimum investment, as well as helping do the remodel. People can invest more and receive more at payout if they want. Mainly curious if it is really just up to me to collect funds, type a sheet of investors and amounts invested, buy the deal with only my name on the contract, manage the process till house is then sold again, then cash out the investors? Most likely using a hard Money loan.

PS if anyone is interested, maybe we can chat at an upcoming REIA meeting in Sac.

Thanks for any advice