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Updated about 10 years ago,
How To Build a Team For This Deal? -Alabama & Georgia
I have heard every good deal gets funded. I think I have identified a solid, rehab & flip, in my local neighborhood community. It is a foreclosure listed for 80k, with an ARV of easily 125K+ , I am still working the Comps. but similar homes have sold for 160k in the same neighborhood in the last year. Minor cosmetic repairs are needed, floors and paint, and maybe some new appliances, all together off hand maybe 10K in rehab. It is sitting in the best school district, and is "newer" construction being built in the early 2000's.
My question is how do I find a partner to tackle this rehab with!? In all honesty this is something I would do on my own but I am a Service Member, who just bought their first house and is newly married. I HAVE TIME, but I only have about 5k cash to play with right now which obviously isn't enough. I can put "skin in the game" but am struggling to find a partner. My town is inactive, and there are no REI meetings locally. I am waving the flag looking for some help, guidance, or just plain advice.
If I cannot find someone to work with I might beg borrow or steal some money from family and sell my soul to the devil and work with a HML.