Is there any way...?

[abinvestments]

I got a great rehab deal presented to me by a fellow investor from my REI club.  Problem is I don't have the money.  She is willing to owner finance. 
My question is not so much about the deal itself (numbers) as it is about finding an investor. 

Is there anyway I can make a sweet offer to an investor if I am looking to buy and hold?  I may know someone who may have money to invest, but not necessarily the time or experience.  I have both to rehab the place and areas out of my scope, I would contract out.  I don't want to go HML because I am not convinced I could refi right now.  Besides, I'd rather share the money with someone I know and I'd probably get a better deal than to deal with a bank .  If push came to shove it could be a good deal to flip.  I'm thinking long term though.

So my question is, is there any possible way to structure a win/win for both of us in a buy and hold?

Thanks in advance.

[abinvestments]

bump

[abinvestments]

Is there no one with any suggestions or is there no way to work this?

[Roger J]

Not real clear on what exactly you're asking, which may be the problem with getting answers.

Are you looking to find a money partner to help finance the deal?  If so, do you need them to finance the deal, the rehab, the whole works?

When looking for money partners, the first thing that you need to do is look at it from their perspective.  In other words, what would you want if the deal was presented to you?  Remember, try not to be baised.

How can a money partner profit from this deal as a buy and hold?  Is it a good enough deal where you can pay 10-12% interest on the money and still cashflow?  If they are wanting a full partnership is it good enough to split cashflow and still be worth doing?

Raj

[abinvestments]

Sorry.  I thought the question was clear.  My apologies. 

No, I am not looking for a money partner.  I know someone with a boatload of money to invest.

I know how I would make the offer if I were looking to FLIP the property, but I don't know how to approach this "investor" with a buy and hold  proposition.

Are you looking to find a money partner to help finance the deal?  If so, do you need them to finance the deal, the rehab, the whole works?

Yes.  Finance the deal and rehab.  I am not sure that I could refi immediately to cash him out. 

How can a money partner profit from this deal as a buy and hold?  Is it a good enough deal where you can pay 10-12% interest on the money and still cashflow?  If they are wanting a full partnership is it good enough to split cashflow and still be worth doing? Raj

THAT actually answered my question!  I didn't really think about looking to see if the deal could work with me paying 10-12% interest.  Now, I guess I have to figure that out.  I'll lock in a buy price, cost of rehab, etc and post the numbers to see if this deal is worth doing.

Actually you fully understood the question.

Again, sorry it it was not clear.  Thanks!

[Deal Hunter]

I would take the seller's financing to acquire the property.  Get a balance sheet and expense estimate for the rehab work and get an equity loan if you can.  Another way would be to incorporate the rehab portion of the work as a business and get a business loan for the materials and labor.   Also, hard money for the rehab part may be doable.  (You'd have to have some equity and give HML lien on property subbordinate to the seller's financing.