How do I 'lock up' a deal!?

[Na Miller]

I have found a number of properties that could be good deals for my investors ... but how do I present them? I am unsure whether I should send out all my property due diligence information (my 'package') to a bunch of investors that I have never worked with without having the propery under contract ... yet I don't want to put it under contract with my seller and then let the clock tick while trying to get investor interest. Do I just 'trust' that my investors will not 'go around me to my potential seller? Help!

[Matt Theriault]

I wouldn't shop anything unless I had control of the deal. Not just for security sake, but that's what professionals do. You have to have it locked up if you're going to represent the deal.

To lock up deal, you will have to put it under contract. But before you do, make sure it is indeed a "deal." If it is, you won't have to worry about finding investor interest.

Take it one step at a time and you'll be fine.