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All Forum Posts by: Hugo Parra

Hugo Parra has started 8 posts and replied 12 times.

Post: ​I NEED ADVICE or my first rehab

Hugo ParraPosted
  • Denver, CO
  • Posts 16
  • Votes 2

I agree with you Howard. Just wanted someone else's opinion. 

Post: ​I NEED ADVICE or my first rehab

Hugo ParraPosted
  • Denver, CO
  • Posts 16
  • Votes 2

I NEED ADVICE. 

I met a real estate flipper two years ago and have had decent contact with him since then and just about 2 months ago he asked if I wanted to invest some money into a home that he would go halfs with me on the profit of the flip. He knows a hard money lender and has all the experience. I am putting up $35,000 dollars to flip this home. He told me I would be on the title of the home and would sign a contract agreement with me. Today he called me and told me that he would make a very detailed contract with me but would not put me on the title because the home has to close in less than a week or it will go into foreclosure, and redoing the tittle to add me is a long process. I am nervous about just doing a contract and not being on the title, what do you guys advice me to do?