Knowledge but no cash - what to do?

Question

Tony Robbins always talks about that one moment in a person's life where they look around and are finally sick of being in that situation, they have reached a breaking point.  Well folks, I am finally there.  The issue: I have a lot of knowledge about real estate (specifically commercial real estate valuation - I am a real estate analyst by trade) however, I don't have money for deals.

My goal to overcome the lack of funds is to find joint venture partners.  However, I would appreciate anyone who has been involved in JV's to discuss the likelihood of partnering with someone who does not have money, but who can find deals (hopefully) and assess their value and put a business plan together regarding significantly improving its value.

Take care,

David.

Nick Cifonie · Answer

If you were looking at residential investing, I'd say look into flipping lease-option deals or wholesaling, you can do either with little to no cash...

However, if you're looking at commercial I would suggest working hard to find a deal. I get the impression that you know what you're doing and can tell a "deal" from a dud... so find one that you KNOW the numbers work on, then approach commercial investors and bird-dog it, or get a contract and assign the deal to one.

If you truly find a deal and the numbers work, it won't be too hard to pass it along.  :)

Nick