Need advice for a house flip

[Anthony Mastriano]

Hello my name is Anthony. I’m looking to do a house flip on a 4 Bed 2 bath home. I have two people looking to invest in flipping this house with me. One person has the money to loan. 1 person has the experience and knowledge of how to fix it up. And I have lots of time and motivation to keep the protect moving and I also found the deal. New to real estate and this type of endeavor. Any advice??

[Jon Schoeller]

Hello Anthony. Seems like you have a few options here. The easiest for you is just to wholesale it to them, get your guaranteed money and move on. The second, more complicated but could be more lucrative, is a partnership. Although with 3 parties involved that is a lot of mouths to feed. If I went that route I would see if I could borrow the money from the investor at 8 to 10 percent and then pay the other guy to project manage the job. You keep all of the net profit.