Starting out, How To Proceed

[Justin Morris]

I've been posting a lot through my beginnings in REI and I'm trying to firgure out what the best course of action is at this point. I have two investors that are willing to invest in me but want to see a plan. The issue is I'm not sure if a business plan per say is the best way to present this idea to them. The reason I say that is I haven't done any deals and I don't have team of people behind me. I don't feel like I can build that team before I have the real capacity to do a deal. For instance I cannot go to a realtor in my area and say hello so and so I'm a wanna be investor and I want you to be on my team. Would you be willing to help me sell houses and pull comps for me when I'm buying? Because they will say ok do you have a house to sell now? I'll say no and they'll hang up on me. I feel like I need to do a deal first so my future team that I seek out during this first deal will know I'm for real and will want to create a long term relationship with me. That being said I think a better idea would be to come up with a plan to present to my investors on how I would do my first deal, my profit numbers and exit strategy. What does everyone think? I'm thinking maybe finding a real deal first that I could base the proposal around maybe the best plan of action for me. I'm open to all advise and suggestions. Thanks.