finding funding for first MU property

[Adam Ferro]

Hello all,

I feel like I have read all the books on how to invest in real estate with no or little money down. I understand my options and how to identify good deals but feel stuck in analyses paralyses when coming to finding funding. Has anyone had the same happen to them and what did you do to overcome?  

[Charley C.]

@Adam Ferro your plight brings back an lot of old memories.

Having an army of contractors ready to pounce is a good thing but you need to demonstrate that before people will ever take your word on it.

Greg said it best, you need relationships before you need anything else. First you need a relationship to help you get you some experience and proof you can follow through on these projects. (brand building with your own name, might not = instant  $ but your own name turning in to a real  brand is worth a lot more than I can tell you )

The better more fruitful relationships were born out of what I brought to the table. You got to figure out what your contacts need and want out of you, then fit that bill.

Pick your relationships wisely.  I did the best with active investors who actually would kind of screw me out of what I thought I should get time and time again but looking back, I think my best experiences where still with the pros that kind of screwed me out of what I thought I should get. And not family members please! not unless they are pro's in some sort of business field.. Non-pro unsophisticated non-business oriented people are not worth the drama. let them just live out their days on their savings, leave them alone. Associate with successful people that can realistically value your presence and what you can and will do for them.