Recommendations for RE Development Funding

[Canontone Smith]

Can anyone in the BP community recommend a starting point for someone like myself (newbie with limited funds but with access to unlimited properties). My goals are to partner with a Rehabber / Developer and redevelop multiple properties in some of Chicago's under served neighborhoods. Any information would be appreciated. Thanks - Canontone

[J Scott]

If you truly have "unlimited properties," I would recommend wholesaling a couple hundred of them, at which point you'll have a million dollars or so to start doing your own deals...

Okay, that was a bit sarcastic...sorry...but my point is that it's very unlikely that you have unlimited properties that are great deals (if you do, then my I'm completely serious about what I said above). Otherwise, my recommendation is to really start digging in to what makes a property a great deal (learn how to analyze rehab costs, ARV, neighborhood desirability, etc) and when you start finding some good deals, find a local investor you can partner with on them.

Many investors don't have enough deals in the pipeline, so if you can fill that void, you are likely to be considered a valuable asset to investors and they'll be happy to partner with you (or buy the deals from you). Before you know it, you'll have cash of your own.