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Updated almost 9 years ago on . Most recent reply

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2
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Todd Day
  • Indianapolis, IN
0
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2
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Finding investors

Todd Day
  • Indianapolis, IN
Posted

Reaching out, what is the best way to find investors that are looking to hire contractors. Is there a website dedicated to that? Just starting out any advice would be helpful and greatly appreciated. 

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Account Closed
  • Commercial Real Estate Broker
  • Biloxi, MS
4
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50
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Account Closed
  • Commercial Real Estate Broker
  • Biloxi, MS
Replied

Hi Todd

Welcome to BP.  I'm an active contractor and investment real estate broker.  Most of the jobs I get on the contracting side do not come from investors.  It would take a big-time investor to keep a construction crew rolling and most heavy hiting investors go into the business already connected and/or partnered with a contractor.  My company does quite a bit for investors at a rate of 3-5 re-habs a year plus maintenance.  Most of our work on the contracting side comes from renovation loan referrals from local banks who I have established a relationship with.  We also suppliment our customer base with leads through homeadvisor.  Homeadvisor is a good resource for us becaus our 5 star rating gives us an edge and I can turn off the leads whenever I'm booked up and back on again when I'm about 30 days from  finishing my last project.

Another tid-bit is investor's are generally looking for a deal on re-habs.  This makes surviving off of investor related work a job in itself.  If I wasn't making money as a property manager I wouldn't be able to afford performing maintenance at rates that would keep investors happy.

No offense intended investors.....I love you  :-)

Good luck man!

Andries

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