How to position a partnership with a private lender

[Rickie Lattimore]

Does anyone have any strategies on how to a position a partnership with a private lender in order to start to obtain a Rental portfolio (with no out of pocket capital)

[Doug Smith]

No offense, but absolutely, positively in no way shape or form would I, as a lender of over 30 years, provide a loan to someone with no out of pocket capital. There are two types of borrowers that fail at a much, much higher statistical rate than any other...1) borrowers with little experience, and 2) those putting nothing or very little down. There is a reason we lenders require "skin in the game" and experience. As for strategies, do you have any other skill set that you can bring to an experienced operator? Perhaps you can barter that for experience and, perhaps, a taste of the profits and then, later when you're capitalized, do what you're suggesting but now with experience and skin in the game. That's what any good, legit lender is going to tell you.