Goals, Business Plans & Entities
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated about 2 years ago on . Most recent reply

I'm a rookie but I'd like to team up with investors
I'm looking to do long term buy and hold proverbially section 8 but I'm ready to get into the game so I'm throwing this into the ether
Most Popular Reply
@Adam Styles this may sound a bit harsh, but consider it tough love: if you're looking to "team up with investors", you'll need to put more out there than 1 sentence, and you'll need to put your best foot forward to show how you're going to bring value to the table.
No experienced investor will have any interest in teaming up with you until you learn how to present yourself to them in a way that demonstrates the value you're bringing to the table. This is 100x more true because you're a rookie.
The value you bring might be in the form of capital, experience, access to deals, the ability to put in a lot of work, social media expertise, accounting expertise, marketing expertise, etc., etc., but you have to bring SOMETHING to the table--and you have be VERY clear about what that thing is, so potential partners see a reason to partner with you.
Also, regardless of what type of value you bring, it has to be sufficiently valuable for the partner to benefit (and if the partner is a highly experienced and successful RE investor, they ain't gonna come cheap! --this is because perceived "value" depends on a person's net worth. For instance, a thousand bucks holds totally different "value" to a poor person (for whom it could be life-changing) than it does to a millionaire (for whom it's almost pocket change). If I have no net worth, and you do something that saves me (or makes me) a thousand bucks, you've just changed my life!...but, if I'm a millionaire, I really couldn't care less if you saved or made me a thousand bucks--I've got much bigger fish to fry!
I'm consistently approached by beginning investors with no real estate experience who want to "partner" with me, or want me to "mentor" them, but who have zero idea how to make it worthwhile for me. Experienced RE investors know that "partnering" with or "mentoring" a rookie is often code for "wasting my time trying to help someone who's constantly screwing up (because they're a beginner) and getting nothing in return". Why should a high net-worth, highly experienced investor put their time, money, experience, reputation, and resources on the line for someone with no experience? ...you'll have to answer that question if you want to figure out a partnership with anyone worth partnering with.
So, I'd suggest refining your "pitch" so that the first impression you make on all potential partners is clearly and convincingly showing the value you're going to bring to them--so they have a reason to partner with you.
Good luck!