Viable Strategy or Bad Idea

[Scott Kimberly]

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?