Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago,
Need help with structuring deals with OPM
Aloha BP!
I've heard the term OPM a number of times here on BP. How does an investor structure deals where the "other person" can gain from the deal as well as the investor? I'm nowhere near this portion of the process. Currently I'm looking to get started in RE through turnkey and have been communicating with a reputable company. My plan is to finance my first couple deals with my cash reserves. My ULTIMATE plan would be to never use my own money at all and instead leverage OPM to fund deals but create a win-win situation for the both of us or however many are involved in the deal. I'm "baby-stepping" this RE journey alone so the accumulation of knowledge will take me a lot longer than most but I'm still pushing through and learning more every single day. But once I use up my cash reserves, if I don't learn how to use OPM, I don't want to wait for a few months/years to accumulate enough capital to repeat the process. I'd like to keep the process going and find/analyze/acquire/close a deal then repeat it. If I'm making it sound like its going to be easy to do, I know its not. I just don't want to think small and acquire a few properties then wait to restart. I want to think big and scale this up to where I can continue to acquire more deals and I'm thinking this would be done sooner with OPM.
I appreciate all that BP provides for me in building my RE acumen. You guys are the greatest and I mean that. I thank you all in advance. ALOHA!