Looking for folks experienced in Maui flips

[Justin Clark]

This might be a one-off but here goes: looking for folks experienced in taking on a partner who does not have capital to invest but can contribute local knowledge and more specifically, master level trade skills.

Here’s the scenario: I have family who are in the trades on Maui. They are very good at what they do but the cost of living in the islands makes owning a home for local Hawaiians more challenging then a lot of places. I want to look into a way to structured a partnership with one of my cousins to rehab and flip properties where they do the rehab and we split profits. The idea being if we could do a few properties together they could put together enough for a down payment on a house. This is part business opportunity but a larger part kuleana ohana.

I would love to connect with anyone who has significant experience taking on a partner who brings sweat equity to the deal. Appreciate cautionary stories about going into business with family but that’s not really what I am seek here.

Let’s connect!

[Greg Gaudet]

Originally posted by @Justin Clark:

This might be a one-off but here goes: looking for folks experienced in taking on a partner who does not have capital to invest but can contribute local knowledge and more specifically, master level trade skills.

Here’s the scenario: I have family who are in the trades on Maui. They are very good at what they do but the cost of living in the islands makes owning a home for local Hawaiians more challenging then a lot of places. I want to look into a way to structured a partnership with one of my cousins to rehab and flip properties where they do the rehab and we split profits. The idea being if we could do a few properties together they could put together enough for a down payment on a house. This is part business opportunity but a larger part kuleana ohana.

I would love to connect with anyone who has significant experience taking on a partner who brings sweat equity to the deal. Appreciate cautionary stories about going into business with family but that’s not really what I am seek here.

Let’s connect!

Aloha Justin,

Just sent you a PM. I'm actively doing deals on Maui and have multiple partnerships in place. Happy to share a little bit about how we have made things work, and see if we're a good fit to do business together. Also happy to refer you to the other investors/flippers on Maui if I think I know someone that's a better fit (there's only like 7 of us here on Maui lol so we all know each other). 

Your theory sounds feasible. Although it's nowhere near as easy as it sounds. It's doable. I never take profits from any of the deals I do, but I did decide to take all of the profits from a recent flip and buy myself a fancy car all cash so I wouldn't have a payment hurting my DTI. The car was almost enough to be a down payment on a cheap house on Maui - So I guess my point is that if you work your freakin fingers to the bone 12 hours a day, it is absolutely possible.

Let's chat!