Financial Partner on Fix & Flip

[Adam Scheetz]

Investment Info:

Single-family residence private money loan investment in Bayville.

Purchase price: $88,000
Cash invested: $50,000

Financial Partner on a SFH Fix & Flip in exchange for an equity share upon sale.

What made you interested in investing in this type of deal?

Very Experienced Investor who is well versed in flipping, B&H, and Hard Money lending. He has connections, knowledge, and most importantly and successful record.

How did you find this deal and how did you negotiate it?

Through an Agent I met on Bigger Pockets. Originally it was a $65k investment for a 50/50 split. Most I could do was $50k, so I reduced the equity split proportionally to the amount invested.

How did you finance this deal?

Personal loan through a bank

How did you add value to the deal?

I used all my contacts and networking to find more financial partners for other larger scale deals.

What was the outcome?

I'll let you know in June