First Deal -Worried About Others Stealing Deal

[Cliff Allen]

After years of building up courage, I think I found my first off-market deal. The timing is terrible as the rehab period is right in the middle of a change in my primary residence. I don't have much capital to risk at this point, very little liquidity, and the additional debt from hard money lenders may be a problem when qualifying for a mortgage on my primary.

I've been trying to analyze the deal by reaching out to lenders, my realtor, and a GC who also flips properties for a living. All of these people have a network of very large investors. I'm afraid they're going to steal the deal from me by passing it off. I've been avoiding giving them too much info for now. Is there a way to protect myself in this situation?

[Jonathan Greene]

From everything you said, you shouldn't be doing the deal right now for yourself anyway. You should healthily pass it off to a colleague who may return the favor later. Maybe you can pull in a partner. When you are in a bad spot to get the deal, trying to hide it from others isn't the problem, it's that you are in a bad spot to do the deal.