Capital Partners - Find them first, or find the deals first? Advice Needed.

[Michael Germinario]

Hi BP!

Quick summary of what I am doing:  Acquire small multi-family properties with capital partners to put up the down payment money, bank finance the remainder of the loan.  Create win-win for all involved.  I've never worked with capital partners before, so I am wondering ... 

Is it better to find capital partners first and get commitment from them, or should I find the deals first?

Thank you!!

Mike

[Austin Faux]

It depends on how you go about picking up the leads.  If you get a good deal the money will come quick.  But if they're wanting a proof of funds letter then you might need to get your partners in place.  I say don't hesitate either way you look at the situation, meaning just keep trying to get a deal, while you're trying to secure the funding.  If one happens to come before the other then great, but don't stop...keep moving forward.