Looking For Investors to Work With

[Michael Newman]

Hello everybody, I am going to college to become an account and I work a delivery job so as of now I have no capital. I do have $8,000 for reserves but after the first month I should have enough for any repairs. I want to get started in the real estate game as soon as possible and apartments are the way to go as far as getting rich goes. I have found a great deal on loopnet and would love to work with anyone (people) who has/have capItal. A 65/35 deal seems Ideal and once the fIrst year passes I’ll have capital to invest with for future deals.

[David Friedman]

The ROI seems good, but there may be a reason for that. I would be asking the seller some questions.

Are there expenses that the seller hasn't posted?

How are they calculating that ROI?

What is the area like? Crime? Up and coming area or in the middle of nowhere?

Normally, if a good deal is posted on Loopnet, it's swooped up in a few days, if not a few hours.

That being said, have you purchased any houses? What makes you sure you can handle multiple units?

What is your game plan with these units to add value? As of right now I see that you are asking for capital to buy the units, but someone with capital could find their own deal and buy it. How do you add value by being involved?