I have a question just wondering if I'm not the only one. So I find good rehab fix and flip homes. Good price but I always am short on funding for initial down payment and closing costs.
As I'm just starting with investing it's really frustrating finding good potential properties but not having funding. I have lenders willing to work with me. But I run short on capital to even start so have to pass them up.
and money continues to go down do to start up payments for my business (real estate investing).
So what should I do as I feel like I'm behind the eight ball and else I can raise more capital I'm just spinning my wheels.
U need a capital partner .. give them the majority of the return. fill your experience bucket up once that is at a level where you can show other investors what you u have done then strike out on your own.. this is what I did personally.. it takes decades at least for me.. then once I had some experience etc.. If I was trying something kind of new I would do it myself prove it out then go to investors if I wanted to grow with outside capital.
Where I see far to many who are starting the journey fall into the trap of thinking that just finding a deal makes them the star of the show and they do not respect the money enough to actually get any investors or money.. I mean look at billion dollar syndicators.. Investors always get 70 to 80% of the return.. Yet you have beginners who think just bringing in the deal they should get the majority or worse just 50/50.. and as such there is a failure to launch and they never do anything. The money rules these deals .. I can find deals anywhere in the US deals are like street cars there is always another one on the next corner.. Money not so much !!! Thats my personal view on how to get started.