What is the easiest way to find private investors do you think?
Hi Michael... consider that you are a private investor. What would you be interested in? Imagine if you were a cash buyer, what would you want? How would you like people to approach you?
Probably you would be wary of anyone pitching you a deal until you got to know and trust them right?
This is the name of the game - networking and building trust
This forum is a great place to start - try outreaching to people who are looking for deals, find deals yourself, network with agents, brokers etc etc etc
Hope that helps
I agree, Deep! In this business networking and trust is very important. Michael I have seen many relationships built and deals done from reaching out to people on bigger pockets. Best of luck!
Thanks a lot guys
@Davian Brown you are absolutely right man thanks for the insight. I have a linkedin also but I need to post on there more consistent. Thanks for the advice
@Michael LaVan I think if you are advertising good deals, the investors will be lining up to talk to you. If you are advertising property that they can easily find themselves, then it won't matter.
But how do you showcase your deals on this site?
@Michael LaVan there is a marketplace tab at the top of the page, but I think you will have better response on a local FB page for Buy, sell, trade. Zillow is free and the most visited website. Craigslist and bandit signs are OK too, but you have to answer the phone when it rings. Most bandit signs never answer or return the call if you leave a message. Be prepared when the call comes in. Have a contract written out and ready to go. If they call, you can't lead them around for a week. If you have a REIA, print some flyers to hand out at the meeting. Also, let your local real estate agents know that you will pay a 3% if they bring you a buyer. Most investors probably don't use an agent, but if agents don't think you will pay, they will not show your property.
P.S. bring some donuts and coffee to your broker's offices and introduce yourself. Tell them what you do and hand out some cards. Offer to give them a class on investing. Most agents do not understand NOI, Cap Rate, IRR, etc
As others have said, networking. Start talking to people. Have a good deal and know what you're doing...you'll have all the money you need.
Great responses thanks everyone
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