Flip Strategy

[James Maher]

One of my goals for 2016 is to figure out how to do a flip fully funded by someone else.  I have read and reviewed agreements to protect both me and the person who provides the funds.  However, should there also be a preliminary agreement to protect me from having the person who is funding the deal snipe the property out from under me?

I want to be able to fully disclose the property to the investor so that they can make the decision on whether or not to invest in the deal prior to me making an offer on the property.  How is this generally handled?