Help Wanted with First Dallas Deal

[Ashton Cherry]

Hi BP,

I recently moved to Dallas from NYC to start investing in my own deals and I think I may have found a good one. In the Lake Highlands area of north Whiterock Lake, I have a house under contract for 205k with area comps north of 300k for renovated homes. It needs roughly 45k in repairs from my estimates and I think a total of roughly 125k is needed to complete the deal (includes a 4 month hold and generous allowances for expenses).

I have been looking at hard money and other construction loans and I have a couple decent options on the table. However, what I would really like to do is partner with someone who has done this before to work through the deal together as a learning experience with an even equity/profit split.

I would also really appreciate just talking to a more experienced investor about the deal who might be able to offer some insight - I've noticed the DFW BP community is very good about taking time for newbies.

Thanks,

Ashton