Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago on . Most recent reply

User Stats

2
Posts
0
Votes
Durrell Dixon
  • Real Estate Investor
  • Houston, TX
0
Votes |
2
Posts

How do to attach funding partners as a newbie

Durrell Dixon
  • Real Estate Investor
  • Houston, TX
Posted

Hello, I'm Durrell Dixon, it getting stated in real estates. I'm looking to purchase low-end REOs, owner finance them, and sell the notes on some of them. Right now, I am low on cash and I need to know best way to attacted funding for these deals. I'm not able to qaulify for a conventional or personal loan. I not looking at hard money because the amount that I need is between 8000- 10,000, I have talk to family and friends but they don't have the money. I think the perfect partner is someone with a self-directed IRA or someone who would partner with me on deals. In the second senario, I would like to know if an equity or debt partnership is best.

Thank for you advise and comments it is appreciated  

Most Popular Reply

User Stats

791
Posts
1,670
Votes
Austin Fruechting
  • Investor
  • Kansas City, MO
1,670
Votes |
791
Posts
Austin Fruechting
  • Investor
  • Kansas City, MO
Replied

If you're just getting started and your friends and family don't have the money to loan, it's going to be very hard to do.
I don't know how to say this without sounding like a jerk, so know I'm saying this trying to be constructive: If you want to attract investors you'll have to use proper grammar and spelling. Outside investors aren't going to trust your professionalism or that you are meticulous enough to run a project if time isn't even spent to communicate with proper grammar and correct spelling.

Loading replies...