Why would a lender or a real stateagent be whiling to do business

[Victor Hugo Juarez]

Why would a lender or real state agent be whiling to do business with an inexperienced person?

Would a real state agent be willing to work with someone or partner some how with a person (in my case a Painting Company owner) that doesn’t know too much or almost nothing about investing in real state?

Why would they be whiling to?

What benefits could they possibly get from it?

For example if I have a liquidity of 10k to 40k would that be my investment or should I just go to a lender? And use their money instead of risking mine in a business that I have not any experience with?

[Todd Rasmussen]

@Victor Hugo Juarez

Agents and loan originators will get paid just for helping you through a deal. If you are willing to buy a house or close a loan with them, they'll get paid the same as if they were working with someone experienced. The catch is inexperienced investors are slow to pull the trigger and so agents can get frustrated working and never seeing a commission.

I purchased my first rental property with little to no experience, used 30K between down payment, closing costs, and traveling to the property to see it. Didn't even have a check to make earnest money deposit and ended up racing to a bank to get printed checks before they closed. (Talk about a rookie move)

I think you should use your liquidity as a down payment and get a loan on a rental property that can provide reliable positive cash flow. You'll gain valuable experience in one of the less complicated ways to get into the rental business.

If you have no idea where to start, a turnkey rental referral network will usually have detailed information on one or more markets you might consider. You'll probably find greater margins if you go outside of what's offered to you through the network but it's an easy way to get some great information and usually light refreshments.