Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply

User Stats

17
Posts
2
Votes
Cutter David
  • Rental Property Investor
  • Washington, UT
2
Votes |
17
Posts

Finding investors for your first home flip

Cutter David
  • Rental Property Investor
  • Washington, UT
Posted
I am new to the game but hungry and eager to learn! I’m wanting to find an investor(s) who are wanting to partner up for a house flip! What comes first? Finding the investor or the home.

Most Popular Reply

User Stats

187
Posts
256
Votes
Chris Jensen
  • Rental Property Investor
  • Bettendorf, IA
256
Votes |
187
Posts
Chris Jensen
  • Rental Property Investor
  • Bettendorf, IA
Replied

@Cutter David my business partner and I are doing exactly what @Peter Fennig described.  My partner is a local GC who contacted me about partnering up on flipping.  I handle all the financing, insurance, legal, realtor work, and he manages the rehab.  We agree that each brings equal value to the partnership, and as such we split the profits 50/50.  Partnering makes is much easier to get started, because you can draw on each other's experience, skills and background to fill in where you lack.  But key is that you bring something to the partnership that a potential partner values.  If you're looking for someone who can handle the financing, then the expectation would be that you are capable and experienced enough to manage the rehab.  Best of luck to you.

Loading replies...