Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 11 years ago on . Most recent reply

User Stats

25
Posts
2
Votes
Lance Smith
  • Investor
  • Parker, CO
2
Votes |
25
Posts

Getting an investor to commit

Lance Smith
  • Investor
  • Parker, CO
Posted

Hello,

So I have an interesting opportunity when it comes to a possible investor and I would like some information on how to get a commitment. My father-in-law is on the verge of retiring and is interested pursuing a business after retirement. He has stated he is very interested in real estate and understands it is an excellent avenue for wealth. However he has had a rental property in the past and states he hates dealing with the headaches. After reading many forums posts and blogs that touch on this subject I feel we can mitigate a majority of the difficulties in terms of tenants. This will obviously be a part of my presentation/proposal. As far as outcomes go, he has about 200k for investments purposes to which I can add 30k. This is more than enough to get started and despite him bringing up the idea I am finding it difficult to formulate a good presentation to get him to commit. I believe flipping would be the best course of action and then we could transition into rentals. Anyone have experience partnering with family? What was your course of action and how were the results? Please feel free to provide any advice or ask any questions. Thanks!

Loading replies...