How did you prepare to be a commercial investor?

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  • Specialist · Plainville, CT · Member since 2015 · 478 posts · 389 votes
    9y

    When I first started, I had- no money, no experience, poor credit, etc.  

    • Step 1 for me was to gain specialized knowledge, so I joined a coaching program, participated in master mind and bootcamp type events and started to interact with people that were operating at a higher level than myself.
    • Step 2- I asked others that I wanted to be like (people that owned portfolios, accredited investors, etc.) how I could bring them value.  I have experience in marketing, so invested my time and skills to help others in exchange for them allowing me to work with them.   

    This little formula is how I did it and got my first large deal done, coming up from scratch.  If you're brand new, you have to learn as much as you can and ride the coattails of others, one way or another.

    Are you good with numbers?  Perhaps you can help an established group with underwriting?

    Otherwise... your best bet is probably looking for deals and offering to send deals to people, so you can work your way up.

    Hope my little story helps!

  • DFW, TX · Member since 2016 · 58 posts · 68 votes
    9y

    @Makayla Mullen you need to learn how to underwrite deals... period. Your proforma will make or break you. You absolutely can not be scared of numbers. If you are practice makes perfect!

    No matter whether or not you are a passive investor, syndicator or lender you have to understand the in's and out's of the deal number wise.

    Good luck!

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