I partner with a rockstar contractor and a top level investor friendly agent and if we buy right and nail our numbers, there is plenty to split at the end.  

He’s not a pushy salesman, and I’ve got a business partner who has worked with him for the last 10 years without any issues.As for your situation, I wouldn’t say it sounds like a Ponzi scheme, but I’d strongly recommend meeting with the fund sponsor in person and asking as many questions as you can.

That is unless you have a JV or other equity partner who is putting up the funds immediately with no lien, title insurance, etc.

When you learn to partner with professionals who are well-versed in this segment, most distressed property transactions are quite straightforward.Myth 5: Distressed Properties Are Not Obtainable with FinancingThere is this perception that distressed properties are cash-type deals.

My partner is a contractor in the area and if you need to connect and get some quotes or talk about any scopes of work, reach out anytime. 

To support my seller and seize a valuable opportunity, my business partner and I decided to purchase the property ourselves.

You can also partner with experienced investors who have the funds but need someone to find and manage properties.

If you go to meetups, you will find friends and future partners.

Best advice is to partner with someone who specializes in investment properties in the Austin area.

You can find a potential partner at your local REIA group.