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Updated over 2 years ago on . Most recent reply

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Roy Ramnarine
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Partnering with home owner for rehab and flip.

Roy Ramnarine
Posted

A homeowner approached me to invest and rehab their home in order for them to put in on the market and get a higher return.  I would be repaid renovation costs and 30% of net profit.  My question is, how do I protect  my investment if the homeowner decides that they don't want to sell?   A contract isn't worth much, because at the end the day, my money would be tied up in the property.   Is there a way to force a sale?  

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Eliott Elias
  • Investor
  • Austin, TX
5,552
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Eliott Elias
  • Investor
  • Austin, TX
Replied

Put a lien on the property 

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