I've studied long enough.

[Bryan Wilson]

I've been on the boards for a bit I guess.  I've listened to podcast after podcast and forum thread after forum thread. Tons of youtube videos as well.  I'm ready to dive in and according to some of you guys, "ready to fail fast."  How else am I going to learn and grow. 

Here's a little bit more about my situation.  Although my credit isn't terrible, I was hoping my fiance' would invest in this with me.  With her awesome credit and income I thought we'd find a flip, I would put down any $ needed in order to secure the loan, I then would use my cash to do all repairs and upgrades in order to get it ready for market.  No $ out of her pocket at all.  Yeah she has the risk of the loan but that's it.  Upon selling the property she would make a percentage, which I'd like to know what you all think a good return on her investment would be, and I of course would pocket the remainder, turn around and re-invest in the next flip. 

Am I delusional or is this how some of you have done it in the past? 

I'm not concerned with making a large profit on my first few flips.  I don't care if I make $5k or less.  I want the experience... badly. 

Would anyone here be opened to partnering up on something?  It can be in the Iowa or surrounding states area.  Not too far that I can't travel when needed. 

I have all the time in the world to be doing this and I'm anxious to get started.  I hope this thread starts some great dialogue to get things going. 

[Larry Turowski]

@Bryan Wilson There are a couple of things in your post that raise a red flag for me, that make it sound like this would be a bad idea for your relationship even if you were successful.

First, be more eager about her than your dream. Don't press her into pursuing this with you.

Second, this sounds like too much of a business partnership than a marriage relationship.  Have the attitude that what is yours is hers.  Not she'll get so much and I'll get so much.

My all around advise to you would be to find a business partner that can do the same thing.