Looking to start working with Private Investors
Hello everyone!
Just wanted to ask what are the general things to do and prepare before meeting or talking to someone about investing?
I know investors what to know ROI, Timelines, Risks, etc... but is there anything else I should prepare?
Thanks a bunch!
Most Popular Reply
The best way to start working with private investors is to have a deal ready for them to look at. Not all investors are going to be interested in what you are offering, but they will know you are serious if you have a deal ready to go.
The good news, is that you will get valuable feedback regardless of the outcome. Most private money that's available is because someone has been sophisticated enough to aquire that capital, and will most likely know if your deal is good or its garbage. Just make sure you find out, and learn from them in the process.
Also, in my experience the people that are serious about investing their capital in real estate have experience in that field. I say "serious" because there is a lot of people interested, but most of the time it comes from someone who has already done it. I'm not saying that your rich uncle that made a lot of tech money won't hook you up, but more often its the rich uncle that made money in real estate. Just my experience.