How did you agree on equity when using OPM? Esp friends & family

[Casey C.]

I wouldn't classify myself as a successful real estate investor yet. I just bought my first property and am in the process of renting it out and learning. (yay!) But that's not what this post is about.

I already want to scale my real estate portfolio, however I used all my funds in my first property. I also need to learn before I move onto more properties. So as I'm learning with my first property, wanted to see what suggestions or experiences that the BP community has when using OPM.

I keep hearing Brandon and David on the podcasts that (verbatim) "if you bring the deal and do the leg work, then it's okay that they bring 100% of the financing."

Since I'm brand new to this, how did you convince your friends and/or family members to finance 100% of the deal in exchange for half of the equity and cashflow (for those buy and holders)? Did you start with financing half, build a track record, then eventually get to that point? Or did you do something different?

Since I live in a HCOL, I was going hoping to use OPM and invest long distance in more cashflow friendly markets.

[Jessie Kristie]

@Dan Portka @Jordan Williamson @Casey C. My friends and family would tell you that REI is all I've been talking about for the past 4-5 months. Before I found my first rental, I had a deal fall through because of builder and lender requirements, and when I told people about it, many offered me money. I agree that money is easier to find than a good deal esp. in today's market.