Acquiring private money investors

[Abigail Pusey]

Hey guys,

I’m looking to gather a few of my friends to invest in a property with me but I’d like to put together a little “presentation” of what they should expect and what my goals are. I have a lawyer who is willing to draw up a contract that I can use with them.

Any advice on selling myself/my vision to these people? I want to make it look as professional as possible so that I can maximize my chances of working with them.

I’m just not good at pulling info together like that and making it look good (or sense!).

Thanks!

[Rick Pozos]

If you have never done a deal before, I would go with a hard money lender first.

HMLs are going to make sure that the deal is solid. They will have you put some money down. They will make sure that you stay on track to finish the deal. They will not even lend the money if there are some red flags. Red flags that you might not see as a new rehabber.

Get some experience first before putting your friends and family money at risk.