Looking for private investor

[Tyler Stewart]

Hello,

My wife and I have decided that real estate investing is the route we are going to pursue. After reading many books, and listening to countless podcasts and YouTube videos, we have decided that this is what we want to do! We analyze deals daily and we are ready for our first buy. Our only issue is money. We hate asking for a hand, but we both come from lower than middle-class families that are probably not even aware of what a savings account is. We would like to use a hard money lender, but with the current crisis it seems that they have stringent requirements at the moment. Is there anyone that would like to invest with us? We are wanting to buy, rehab, refinance, and hold multi-family properties. After we have refinanced the home into into a mortgage, you would get your money back with interest. At that point, we could invest in more deals together, if that is so desired. I apologize if this is the wrong forum or if this question is out of line, but we are all in and would like to start our success story.

[Todd Rasmussen]

Originally posted by @Tyler Stewart:

@Jonathan Greene

Despite your harsh comment, I have gotten my name out there. Yesterday, no one knew who I was in the forums. Now, you have given me your time and many others as well with positive recommendations. Thanks for your time.

Tyler,

Be cautious of mistaking direct feedback for harshness, especially in the realm of investors. Jonathan might have and others will come off as crass from time to time, however you would be foolish to automatically discount or become defensive towards their comments without deeper honest examination. All of the feedback you have received on this and your other thread on the topic is spot on. Look for deals first and pursue off market opportunities where creative financing and the elusive, no money down deal might be easier to come by.

Pursue networking vigorously at your new duty station. Low down VA loans cut both ways. What are the chances that a departing service member has equity less than their potential selling costs? (If they've only owned the home for a few years, it's pretty high). Many of those owner's don't wish to be long distance landlords and can't afford to sell.

The perfect mentor might write you off in the first ten minutes of meeting you if you argue with them after asking for their advice, so be cautious of burning materials before you can even build a bridge with them.

Everyone is rooting for you, go make it happen.