How would you go about finding an equity investor and/or seller financing? I would like to get into STRs via sweat equity. I believe I have some decent education in STRS and having an investor with some real estate experience would be great. They would also get a passive investment.
Investor · Austin, TX · Member since 2021 · 9k+ posts · 5k+ votes
3y
Sending offers in volume. I send about 30 offers a day, half are not open to seller finance, other half are open to it. Highlight the benefits to it, you can get someone full price asking if terms are right
Investor · Austin, TX · Member since 2021 · 9k+ posts · 5k+ votes
3y
Sending offers in volume. I send about 30 offers a day, half are not open to seller finance, other half are open to it. Highlight the benefits to it, you can get someone full price asking if terms are right
Sending offers in volume. I send about 30 offers a day, half are not open to seller finance, other half are open to it. Highlight the benefits to it, you can get someone full price asking if terms are right
Would you just identify houses you are interested in and send them a letter? how would you know they have good equity in their home or they have paid it off?
Would you just identify houses you are interested in and send them a letter? how would you know they have good equity in their home or they have paid it off?
Yes
There are some mail list services that can filter by zip code, equity etc.
Networking! Keep working and talking to people. Market your skills and knowledge and pitch it to the right person then......WALA
Thank you! Do you know of any RE events in SoCal upcoming?
>Do you know of any RE events in SoCal upcoming?
BPCon was just here in San Diego. It was very good opportunity to network. I am going next year to Orlando.
Meetup.com is full of RE meetups. In San Diego, there is one most days.
Bigger Pockets has an event section that lists upcoming events local to your area.
Not exactly local, but my Wife just signed up for InvestHer conference. It is in Scottsdale (not local, but easily drivable from So Cal). There may be other RE/investment conferences that are drivable from SoCal.
Investor & Agent · Tulsa, OK · Member since 2016 · 1k+ posts · 1k+ votes
3y
Do you have a track record with “sweat equity?” Like; are you handy? If so, that has some value. If not, find something of value. In particular, source deals for said investors. Get good at it, and you might not want to give that equity you created away so quickly.
Ultimately the marketplace rewards us for the value we bring to it, so the real answer for finding a partner is being someone who delivers value. Practically, playing the long game and building relationships for their own sake will be crucial.
Networking! Keep working and talking to people. Market your skills and knowledge and pitch it to the right person then......WALA
Thank you! Do you know of any RE events in SoCal upcoming?
>Do you know of any RE events in SoCal upcoming?
BPCon was just here in San Diego. It was very good opportunity to network. I am going next year to Orlando.
Meetup.com is full of RE meetups. In San Diego, there is one most days.
Bigger Pockets has an event section that lists upcoming events local to your area.
Not exactly local, but my Wife just signed up for InvestHer conference. It is in Scottsdale (not local, but easily drivable from So Cal). There may be other RE/investment conferences that are drivable from SoCal.
Good luck
Thank you! I am aware but couldn’t make it to BP com! I will try to go to more events though, thank you!
Do you have a track record with “sweat equity?” Like; are you handy? If so, that has some value. If not, find something of value. In particular, source deals for said investors. Get good at it, and you might not want to give that equity you created away so quickly.
Ultimately the marketplace rewards us for the value we bring to it, so the real answer for finding a partner is being someone who delivers value. Practically, playing the long game and building relationships for their own sake will be crucial.
Hey Nate! Thanks for the advice!
In terms of bringing value to the table, I would say I bring some value for short term rentals, in that I have some knowledge of how to manage and know certain locations.
This is all through study for location, house type, pricing, platforms, overall design and customer interaction. I’m looking to get my hands dirty by helping an investor with finding a property, setting up, and managing. For a percentage.