All Forum Posts by: Shawn F.

Hi Everyone,

I am working on partnering with an investor and was curious as to what type of split is typical. The investor will purchase the property and I am to complete the rehab, which is not expected to be much other than interior paint and minor repairs. Really curious if 50/50 should be expected or if investors tend to get more for having the funds (60/40, 70/30, etc.). Thanks for your responses.

Hi Everyone,

I am new to BP, but have read many posts and enjoy all of the information and support. I have knowledge of the Greater Houston real estate market but lack knowledge in several key areas of investing. Like many others I have simply grown tired of sitting on the sidelines watching others build wealth!

I very recently found a potentially incredible deal to flip that is about to go to auction - but I don't have the capital to purchase it. Pretty much have been looking around at possible deals and found one without being prepared to move on it. I realize there is likely a veteran investor already expecting to walk from the auction with this property in their portfolio, but I want to at least try and make them work for it!

A large part of my recent reading has been on foreclosure auctions which may require evictions to have the current "owner" removed. However, one of the issues is that I cannot seem to locate definitive information about possible financing for these types of deals since auctions require cash or cashier's checks. I would really appreciate any tips on where to  search for a better understanding of financing options and how to make a deal like this work on short notice.

Thanks BP,

Shawn