Seeking Cash Partners - Advice

[Nick Beeler]

This post is inspired by three deals in Spokane, WA that I found in the last month, all of which I would have jumped on, that were all-cash fix-n-flips. Since I am new I do not have a large pot of cash to use, so I am limited by partners and hard money terms.

I am aware that if you can find a deal the cash partners will come, but how do you get a list of cash partners to reach out to when the deal is hot on the table and there really is not time to go solicit partnership before the deal is gone?

I am fortunate to have enough resources to cover the cost of most rehabs, and I can do it cheaper because of GC connections. So I am really just looking for investors that want to throw their money in and be done with their part of the work, and I can cover rehab costs and planning. Is there a dating app for this type of connection?

[Kristin Whitaker]

Hi @Nick Beeler, have you completed any deals yet, even on your own?  Cash investors will be hesitant to jump on board unless you have a solid record under your belt.  I presented essentially a one-page with the info about the deal and my last few completed flips when approaching private lenders, made all the difference when they saw I had a track record of success.  Took about three deals before I was able to get any traction.