I'm interested in hearing about your guys experience with working with investors and landing deals that are $5M+
The reason I ask is because I feel no one really discusses how deals this big are done. Please share your experience
@Account Closed If you had $5 MM, would you let a rookie handle your deal?
Most people doing $5MM deals aren't coming to BP forums for advice. Not to say there aren't people doing $5MM deals here on BP, its just that, their discussions won't be on public forums...
The handful of millionaires I know have never heard of BiggerPockets (yes, I asked them), but, correlation doesn't lead to causation. I know there are millionaires on BP, just not openly discussing big time deals like the ones you're looking for on the forums.
@Angelo Behar A Your opening question: "If you had $5 MM, would you let a rookie handle your deal?" was extremely irrelevant to my question. You have a point when you say that a handful of millionaires haven't heard of BP, but that won't stop me from seeing if there happen to be any on here who've done deals like this. Good response indeed, but very irrelevant to my question, thank you.
Originally posted by @Account Closed :
I'm interested in hearing about your guys experience with working with investors and landing deals that are $5M+ ***Statement***
The reason I ask is because I feel no one really discusses how deals this big are done. ***Statement*** Please share your experience ***Statement***
You never asked a question :) My opening question (actually it was a rhetorical question) was explained in my second statement showing why you don't see $5 million discussions.
I would recommend The Snowball: Warren Buffet and the Business of Life if you'd like to see how to big time deals are done. Great book, a bit long and drawn out at times, but a good aspect of brilliant minded investor.
Landing investors for high priced deals, how'd you do it?
There is a question. But the context of your thread is what I was addressing.
@Angelo Behar You hide behind the technicality of the situation. You're right, technically I didn't ask a question, I posted a statement that was asking for members to share their experiences and stories, not to talk about what I can and can't find on BP. There are thousands of members on here, I'm going to roll the dice and ask a question-I mean post a statement-regarding deals in the range of $5MM, maybe even $10MM if I'd like. And if your rhetorical question was explained by saying: "Most people doing $5MM deals aren't coming to BP forums for advice. Not to say there aren't people doing $5MM deals here on BP, its just that, their discussions won't be on public forums..." then are you implying BP is just a site for "rookies"? You said yourself there are millionaires on this forum? Anyways, your response was irrelevant Angelo, I don't see why you don't get that. Your suggestion for the book however is relevant, and I will order a copy ASAP, thank you.
@Angelo Behar You're just being unnecessarily technical and getting away from the point. Several mentors of mine shared their experiences with me and I'm just interested in hearing if anyone on BP has an experience they'd like to share. So unless you have one, your involvement in this thread is once again, irrelevant.
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you
Create Lasting Wealth Through Real Estate
Join the millions of people achieving financial freedom through the power of real estate investing