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Updated about 10 years ago on . Most recent reply

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6
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Igor Rabinovich
  • Owings Mills, MD
0
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6
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Novice real estate investor.

Igor Rabinovich
  • Owings Mills, MD
Posted

Hi, my name is Igor, I'm 26 years old, living just outside of Baltimore. I'm new to Bigger Pockets but already I can see that it's an incredible tool. I'm currently not working and looking to dip my toes in flipping and find a real estate investor partner. There are several properties in and around Baltimore that I've been looking at. All of which are listed in the mid-$20s and a few foreclosures, in the high teens. Comps of recent sales are in the high 40s to low 50s. I've spoken to several of the agents who are listed on these properties as well. The properties I've been looking at need some work, new appliances, windows, painting, new cabinets, etc. nothing major, like electrical and plumbing.

I'm looking to partner with an investor who will put up the money. Like I said, I'm not working at all right now, so I can dedicate 100% of my time on working on fixes on a house. I'm not looking for a 50-50 profit split, but more like a 70-30 or 75-25 profit split, since the individual putting up the money is obviously taking the main risk. 

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