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Updated over 5 years ago on . Most recent reply

Scott Kimberly's profile image
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Scott Kimberly
  • from Cheshire, CT
  • Member since Sep 17, 2018
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Scott Kimberly's profile image
Scott Kimberly's profile image
Scott Kimberly
  • from Cheshire, CT
  • Member since Sep 17, 2018
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Scott Kimberly
  • Cheshire, CT
60
Votes |
87
Posts
Starting Out

Viable Strategy or Bad Idea

Scott Kimberly
  • Cheshire, CT
Posted

I hear all the time on the podcasts that if you find a deal and get it under contract, you can bring it to a seasoned investor who can help you with it for part of the deal. That's fine for podcast-world.

Does this actually happen in real life? Would it be a giant mistake professionally or legally to find a deal, get it under contract, and then try to get someone to help with it? How "easy" would it be to walk away from a deal like that if no one can or wants to help?

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Joe Villeneuve
  • #5 All Forums Contributor
  • from Plymouth, MI
  • Member since Jul 7, 2013
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Joe Villeneuve's profile image
Joe Villeneuve's profile image
Joe Villeneuve
  • #5 All Forums Contributor
  • from Plymouth, MI
  • Member since Jul 7, 2013
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Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
19,422
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Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
Replied

Why don't your just get that 2nd investor BEFORE you make the deal?

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