All Forum Posts by: David Shue

I have an opportunity to do a joint venture with a partner, that is, flipping a house. He will purchase the house  with 5% down conventional loan. So naturally his name will be on the deed at the closing. I will fund the renovation. How could I make sure that my investment will be safe? any input would be appreciated.

We have this deal under contract contingency on house inspection. this is a flipping project Purchase price $410 and seller will contribute $10k at the closing. the estimate of renovation is $80-100K. The ARV $625-650. The deal maker ( realtor ) will do everything ( buying, rehabbing and selling ) but not put in money. Party 2 will purchase the SFR ( VA ) with 5% down conventional loan. I will fund the renovation with my own money. Carrying cost $2300/month. Net profits shares 20% ( realtor ), 40% purchaser and the rest 40% for me. How the JV agreetment should be written so everybody's interest is protected ? Am I putting myself in a position of risking my investment? What things could go wrong? any advises would be appreciated.

I need some info about renovation. The SFR( colonial 1800 sqft) is located in Arlington va.

Needs kitchen, 3 bath renovation, new windows new furnace and AC. The rest would be  cosmetic.

Any advises would be appreciated.

With FHA loan, the borrower has to live at primary residence for 2 years before he or she can sell the property. Is this correct? Any advises would be greatly appreciated.

David

Email me the pictures, please.

Thanks

I am looking for investors to work with as a team in real estate investing. I am seeking those who are serious, motivated, ambitious, action-taker and financially ready. local investors ( long island ny and/or surrounding areas). Looking forward to responses from who are interested in JV.

I am living in long island NY. I am new to real estate investing. I have been looking for a local real estate investing mentor. any advises on how to find a one would be greatly appreciated.

Hello, my name is David  living in long island NY. Currently I am looking into new market to invest in real estate, specifically flipping. The arears I am interested in are Baltimore MD, Daytona Beach FL, Pittsburgh PA...  I am  looking for serious investor(s), ideally those living in the above areas, to team up. I  am looking forward to discussing with those who are interested the possibilities of join venture.

I am living in long island NY. The houses here are expensive and holding cost are high too.

Any places with low cost to do flipping?

David