JV with a Wholeseller in DFW for 5 br / 4 ba home in Prosper, TX

[Craig Jones]

Hi everyone,

We are under contract on a 5 bedroom / 4 bath in Prosper, TX where the lowest listing in that neighborhood is $800K. The house does need some paint and new kitchen tiles, but is in overall great condition. The AVM through RPR from NAR on it is $880K, and we are looking to reassign it for $649K including our assignment since it needs about $30-$40K of improvements (fresh paint, kitchen tiles, carpet in bedrooms etc.). If we can't find the right buyer, we are planning to just do the flip ourselves but it's a little more expensive for us as we would need to fly in our crew or hire locally.

We have a great wholeseller in NJ that we have done 10+ JV deals with like this one where we split the assignment, but we are starting from scratch in DFW. If you know a good wholeseller in North Dallas, please PM me or comment your recommendations on how to find them.

Craig