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Updated over 5 years ago,
Help & suggestions needed on Private Investors (friends, family).
Hey!
I'm DB from Chicago. I have about 8 individuals (private lenders) interested in investing in a multi-properties. I am in need of help in creating a plan that will structure all deals, returns, processes, etc. I have been waiting to invest in real estate for 5 years and finally, I feel I have found a great opportunity. However, I am clueless about my next steps.
I have reached out to about 12 individuals. Next week, I would like to give them a plan that shows them how deals will take place, how they will invest and how they will get returns on their investments.
I do not have a property just yet, but I am working on (which is easy due to my networks) soliciting my realtor, lender, contractor, and lawyer. Also, are there any recommended BP podcast episodes to help with private investors?
Thanks and greatly appreciate your help!
DB