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Updated about 5 years ago on . Most recent reply

User Stats

431
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Cory Lucas
  • Rental Property Investor
  • Brighton, IL
139
Votes |
431
Posts

Big Investor conversation tomorrow!

Cory Lucas
  • Rental Property Investor
  • Brighton, IL
Posted

Hey BP, I am meeting with a family acquaintance tomorrow that has relatively "Big Pockets" so to say themselves, as you may guess I'm a tad intimidated and nervous. I've been wanting to call this individual for some time now, finally overcame said fear and did so. I am just getting started back into real estate and I am going the Buy and Hold route and look to use the BRRRR method.

My question to you all is a good approach to breaching the question of him investing with me? I didn't approach that over the phone, it was basically a "hey can we do lunch to talk about real estate?"

I know I'm putting too much thought into this so please give me a little leeway there, my thought is to of course see how the convo goes, lay out my plan, and just simply ask "Would that be something you'd be interested in investing in?" I realize this seems trivial maybe to some of you, but this will be a first big convo for me with someone of this stature. Either way I'm "Reaching Up" to try and bring myself to the next level, so I know I'll learn something if nothing else. Thanks for taking the time

  • Cory Lucas
  • Most Popular Reply

    User Stats

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    1,151
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    Whitney Hutten
    #3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
    • Rental Property Investor
    • Boulder, CO
    1,151
    Votes |
    1,534
    Posts
    Whitney Hutten
    #3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
    • Rental Property Investor
    • Boulder, CO
    Replied

    @Cory Lucas I would focus on forming the relationship... Even if you never get to talking about real estate this time.  People invest with people they know like and trust.  Be the type of person who others would want to do business with. Date first!

    With that, get to know him better, learn what he's interested in, and if the conversation allows what he's investing in. Maybe he has a strategy, maybe he doesn't. If he asks what you are up to (which I'm sure he will), let him know exactly what you are doing. And then ask "are you familiar with XYZ?"  And see where that leads.  You can position yourself as an expert by providing VALUE to him.  

    And close with a follow up... "Hey, I really enjoyed our conversation, let's do this again..." and set the date. 

    If nothing else, if you build a good rapport he can connect you with others with Big Pockets.

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