I bought my first property in October last year and fixed it up/ increased rent and value and it’s going great. Now my goal is to scale and buy many more, but struggling with fundraising to be able to scale. If anyone has tips and tricks for finding private investors please share them with me. thanks!
Accountant · Chicago, IL · Member since 2018 · 2k+ posts · 1k+ votes
1y
I'd recommend going to real estate meetups and networking with people with private money. I'd look for people with IRAs or idle cash. Note investing in IRAs is tax deferred or tax free with a self directed Ira/self directed 401k. Continue posting your journey and remember to be as authentic as possible.
I bought my first property in October last year and fixed it up/ increased rent and value and it’s going great. Now my goal is to scale and buy many more, but struggling with fundraising to be able to scale. If anyone has tips and tricks for finding private investors please share them with me. thanks!
Look up RTL lenders as well as DSCR lenders. You still need 25% down typically but it does not go against your DTI.
Rental Property Investor · Emmaus, PA · Member since 2021 · 153 posts · 85 votes
1y
Continue to post on Bigger Pockets and start going to as many local real estate events as you can! Meeting investors start with you making connections. It make take some time to get your first deal, but it will come for those who are persistent!
Accountant · Chicago, IL · Member since 2018 · 2k+ posts · 1k+ votes
1y
I'd recommend going to real estate meetups and networking with people with private money. I'd look for people with IRAs or idle cash. Note investing in IRAs is tax deferred or tax free with a self directed Ira/self directed 401k. Continue posting your journey and remember to be as authentic as possible.