Even under this scenario, with a 50/50 split, you will not be getting paid for doing all the work.Another option would be for you to put in 50% of the purchase price using an LLC that you own 100%, borrow the remaining 50% from your investor as a 2nd position loan at a fair interest rate with points, and borrow the rehab under your personal guarantee.Better, if you can find a lender who will lend to a newbie, and they are out there, you could borrow the purchase money using some of your cash as a down payment, as well as all the rehab funds using a construction loan.

There is major money involved in the right answer that impacts not only monthly cash flow but the overall value of the building.

Connect with a good maintenance person to have in case you eventually get that overflowing toilet call.

Cash-Out Refinance: This involves replacing your current mortgage with a new one that's larger, allowing you to receive a lump sum of cash.

Like contacting the realtors involved in those sales and finding out some pertinent info that caused them to sell below market value.

For all loans, amongst other things, I have a recorded Mortgage/Deed of Trust, Promissory Note, and Personal Guarantee in place.Yesterday, out of nowhere, my bank reached out to me and asked me if my business was regulated. 

@Agustin SilveyraI personally flip in the C and B class neighborhoods.

Just a tip: make sure you go into it with an experienced brokerage who really know their way around.I’ve personally been helping international investors get into the Dubai scene and work with experienced local companies that handle everything from start to finish. 

We have take then steps to get the police involved. 

We run monthly in-person meetups in New Jersey just for this reason.