Partnering with Construction Company

[Rob Witt]

So, the owner of this company is interested in doing several flips if they find the right investor to work with. One to begin and possible to ramp up production down the road if all is well. The last deal is a house on two lots and the existing house needs torn down to build a duplex. The only other thing I know about the property is that it is hours away.

They are looking for someone to fund the whole project, while I know I should qualify for the loan, I am having trouble getting 10-20K for the down payment that may be required. How realistic is it for me to use my credit and if they have the money for a down payment?

[Mark Fedorov]

I think you are going about this the wrong way, putting in credit or cash, in my book is the same thing. I would make  sure that you two had a WRITTEN understanding on the split of the costs. I would ask an important question: what is he going to charge you? Are you going to see the checks he cuts to his guys so you know he is not inflating the number? Is he going to charge for his time?.. are you going to charge for yours?