Raising Capital for Flips

[Dirk Smithson]

What are your thoughts and experiences in bringing capital from 3-5 investors to buy homes at court house auctions.

My reasoning for this is that closing costs and high interest rates usually eat up most profit, If I can find 3-5 people that can invest 15k to 30k it will allow some of us who cant risk more that that to invest and build a bigger investment pools.

Homes at auction ussually sell around 75-150, atleast thats what I'll be starting with, and should yield about 20-40k in profit. 

rinse and repeat!