I am going to my first REI club meeting and noticed there are some professional private lenders and mortgage lenders there. My husband and I are getting closer to "jumping in" and I am wondering if anyone has suggestions for encouraging lenders to become involved with our company since we are just beginning. The "cons" of our business are no start-up cash of our own and an average credit score. Our "pros" are a strong current work history for my husband in law enforcement, which has been long-term (13 years) and is secure. We are very serious investors looking to build a team of experts that can assist us. Any suggestions? Thanks!
@Jennifer Shuler it is best to meet the lenders and build a relationship. Tell them what your telling us. Try to relate with them outside of REI, build rapport.
First time around tell people what you are planning on doing. Start your business. Start finding your deals that you are looking for. Don't jump the gun and start hunting down that money before you have something actionable to work on. You'll most likely be dismissed. Go on a regular basis. Go to every meeting you can find. Work the room, meet people and listen attentively. Don't start asking for money right away.
Thanks for the good advice!
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