Starting Out - Using other peoples money?

[Michael Vieira]

What are some good strategies to get other people to fund a deal.

[Nick C.]

The best strategy is to have a proven track record of success. The number one priority investors have is to not lose money. You've got to be able to prove beyond a shadow of a doubt that they will not lose first. Making a return comes in a distant second. 

You may have to get your feet wet using hard money and putting a substantial amount down. Or start out with family members willing to take a chance.