Getting financed for my first deal

[Zack Jackman]

Hi my name is Zack Jackman and I am a newbie from Troutdale/Portland Oregon. I have been learning all that I can here on bigger pockets and I know there is much much more that I can learn, and I am excited to do so. Right now I am stuck though, on getting financed for my first deal.

I have looked at a lot of strategies for getting financed with low or no money down, I even read The Book on Investing in Real Estate with No (and Low) Money Down, which I enjoyed immensely but one thing it doesn't talk about or at least something I didn't get from it, is how to approach investors, how to approach a seller about a lease option or seller financing, even how to approach a bank. (i.e. what to say how to get in contact with them)

I everything I have seen and read just says call them up and ask them, or in the case of investors let them come to you. I have talked to a few people who after just a casual conversation with what I have been doing lately, and bringing up all the research I've been doing and how I really am looking into real estate investment they have showed some interest in getting involved, mostly by saying things like "I would love to get into that too" "I could see myself investing in something like that" . 

I know once I go through this once and know a guideline, I'll have way more confidence and be able to do it again. 

A little more details about my specific situation, I am 23 with a fair credit score (not great), I am trying to save money but working in a low paying job (that I really do love) just doesn't allow me to save much, even though I budget very well. I have 2-3 people who have showed interest in investing, and am working on slipping my newfound passion for it into more conversations with others. What I am really interested in is Buy and Hold rentals, it just resonates very well with how I think, and how I want to structure my future. I feel like I have a grasp on how to do the math on a deal (I have found a few pretty promising ones) and I analyze at least 3 a day, I love the rental property calculator here on biggerpockets, but most I have to do by hand.  

Long story short this is my question, How do I approach someone about getting financed be it the;

• Seller
• a Potential Investor
• a Bank

What do I say to them to instill their confidence in me, how do I explain how I know I can do this (besides just showing them the numbers)

Thank you so much for reading and I look forward to any responses.