Is it hard to find someone experienced to JV with if I have deal?

[Mike Schorah]

It’s widely discussed on the BiggerPockets podcast and these forums that the number one activity that a real estate investor can do is look for a deal.

I’m pretty sure that it’s agreed upon that most people on these forums don’t have any money yet or are not trying to risk their money (i.e. I personally have access to $70k, but there is no way that I’m going to use it when I don't have the experience… $1,500-$2,000 is not a problem, though). I’ve heard many times that most people are going to need to partner with somebody that actually does have some cash and simply do a Joint Venture Agreement.

I've always heard the suggestion to go out and get a real estate license. That way people could find the properties on their own (back when finding properties on the MLS was doable).

They say that if you look for a deal and find one, the money will follow. But how true is this?

Why would someone look for a deal for only a $1,000 bird dog fee? And why would someone wholesale a deal if there is no margin (in today’s economy) and with the risks that come with wholesaling?

How difficult is it to find someone knowledgeable and experienced to JV with if I have a deal?

I'm asking this question as it relates to both a buyer's market and a seller's market.