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Updated almost 4 years ago,

User Stats

27
Posts
3
Votes
Scott Bell
  • Investor
  • Korea
3
Votes |
27
Posts

Starting a Company and Financing the Deal

Scott Bell
  • Investor
  • Korea
Posted

Hello BP, 

I have been a little sporadic in participating with BP. I am down to the wire, for starting my business. The set in stone date is in 117 days and there is no going back. So I have to start taking decisive action. 

My current plans include getting my associate broker license, starting training next Monday. Using Investor Carrot for lead generation. and managing my own properties. but this is as far as I have got. 

I would like to start working for Marcus & Millichap Raleigh office (if anyone has a contact I would really appreciate it)

My assets include about 200k (cash, equity, and investments combined) an excellent credit score, and a few investors that have not given a specific amount (one investor owns a trucking company and wants to diversify). But my plan is to ensure I can cover with my assets for the acquisition then use what investor capital I can get (to make sure if an investor backs out I can still proceed with the deal). 

My questions to BP are what are the action steps to take now (I will not be trying to make a purchase before the 117 days)? 

What kind of lenders should I talk to and get pre-approved with? 

Are there some due diligence checklists I could get? 

What team members are essential for the first few deals,(I have seen lists of 20 or more) 

What other questions am I missing? 

I look forward to hearing from all of you

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