Private Money, Deals, Down-payments, and D-bags

1 Reply

Hello, I have got a few really quick questions about communicating with someone who has private money for real estate available. I found this person on craigslist.

  1. 1.How do I ensure that this person is not going to take this deal if I tell him about it? I know that this could be a mindset issue on my end.
  2. 2.How do I involve a real estate attorney in the deal to make sure that everything goes smoothly.

I have come across a few people having money on craigslist. I talked to one guy one the phone - name will not be mentioned - and he basically said that I know nothing about real estate. Which I ended up hanging the phone up on him. I wrote a follow up email and told him that he was a rude d-bag. I re-explained the deal to him using obscure explanations to guard the deal. He seems like a deal hijacker. He wanted the address and link to the rental.

I do in fact know a lot. This post and these conversations are the start of implementing what I know. “Taking action” as Brandon Turner would put it. I have listened to the no money down book, and investing in rental properties book, and about 80+ podcasts.

As of right now I have just started to pull the trigger i.e. reaching out to people who have cash. This last week I started to write my goals down in the morning and in the evening.

Just looking for guidance.

@Daniel Hanson You could create a non-disclosure and non-compete agreement. Talk to a lawyer, but I don't see why that wouldn't be allowed. As for getting ahold of one, you could search on here for one using keyword search, or search the web.

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