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Updated about 7 years ago,
Looking for partners as a funder
There are a lot of questions about how to start out with little to no money relative to the market you’re in. What about someone with a good chunk of money without a lot of connections in the area? I think signing up for the reia is a great choice, but are there any tips on finding development companies, or those guys that are trying to perform the Zero money down projects? If you’re able to link up with these people, what do you do to get comfortable with the projects they pitch and that they won’t run with your money? I hear on the podcast that people read tons of P&Ls. I’m assuming these are businesses or individuals giving p&ls to potential investors As support for their success. Any tips as to what to look for in that p&l or other support to find comfort and trust? I’m sure bigger pockets tools can help you understand if the p&l looks financially interesting/lucrative.
Thanks!