Investment Info:

Single-family residence fix & flip investment.

Purchase price: $58,500

Cash invested: $55,000

Sale price: $155,000

Contributors:
Peter Vekselman

Partner Drive...

Depending on the transaction sizes you are pursuing, raising money to purchase property without debt requires either an incredible network of relationships or devoting a lot of time and effort to raising money.

They will match effort for effort jumping on seller calls and helping you close deals, walk you through contracts, make connections to attorneys, etc.  

At that time I will get the house cleaned up and list it on the market and when it sells I've agreed to get reimbursed my costs for reinstatement plus any other costs plus a fee for my efforts.

In efforts to get more experience with IOS, we are seeking a financial partner that potentially has experience with this asset class. 

When you work at a large corporation (national or global) you learn a lot in your role, but also by osmosis, just by observing other people and seeing how projects are developed, business is done etc.

So that $1 billion settlement, with many more lawsuits on the horizon, would have previously been spent on lobbying efforts.

The US taxes global income which dramatically increases the reporting requirements.

Not an easy thing, but saving 20% or more on the cost of a new home seems well worth the time and effort if you ask me.

As a result, this isn’t the kind of market that attracts top-tier PM talent.Your best solution might be to either:1.Take on self-management if possible (and if you’re willing to put in the time/effort).2.Find an individual you can trust to handle these properties, set up very specific instructions and processes, micro-manage them initially to ensure standards are met, and compensate them well to make it worth their while.This approach requires more oversight on your part but can yield better results in markets like this.