Little Experience and Money. Why would someone partner with me?

Question

Although the title sounds depressing, it's not.

It's a matter of fact question.

As someone who is new to the REI game and deals, loans, etc. seem out of reach, partnering up seems like the way to go. But what's in it for that person who's funding the deal?

Is me finding a quality property manager, dealing with the management itself, collecting rents, etc enough for them to fund the deal and/or take out the loan under their name? They're not doing any work, just funding the deal and receiving their capital back plus interest.

Do I have it right?

Lien Vuong · Answer

Looks like you're not valuating your most important commodity - time. While that person has the funds, they want to invest in other asset classes and do not have time to chase down the nuances of that type of investment. There you are, foot on the ground, ready to work, bring the deal, and analyze it. They simply say yes or no.

When you understand your worth to these investors is when you will attract them to you and you will have a deal ready. Keep looking and being open to your local RE market and once you get the deal, it's WHICH investor will pick you, then you're in the driver's seat.

Patrick M Nichols · Answer

Not everyone interested in real estate has a critical resource: time. Simply being available to go out and see properties and scout things can be very valuable. You shouldn't look at others and assume that just because they have money and experience that they have the time or the drive to aggressively go after new deals.

Jay Hinrichs · Answer

the way to do this is get a license and go work for a broker that deals with investors.. you will find clients and then since your an agent you elevate above the no experience.. and you grow .. thats was my path.

I cant think of something harder than to get into this with no experience no money and expect others to cut you in simply for coordinating vendors. but when your an agent you can find a great deal you contribute your commish for a piece of the pie stuff like that.. you bring value thats is tangible.

Frank Wong · Answer

People who want to invest as a silent investor want an experienced operator. They want someone that is proven in whatever they are doing.

You gotta ask what do I bring to the table? Doing work that any hired person can do is not value.

Everyone wants to jump to step 5 but skip 1-4.

Little Experience and Money. Why would someone partner with me?

Little Experience and Money. Why would someone partner with me?

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