Question for the Pro's out there
I was hoping to get a good discussion going from some of you out there that have been in the game for a while and doing it successfully. It seems to me from what I hear from newer investors, including myself, is that one of the biggest problems is getting over the hump that is financing multiple deals. It seems that everyone can find money for one deal at a time and go deal by deal but those of us that want to graduate beyond that need a bigger push. I was hoping you could lend some expertise on how you got over that hump and how you got comfortable with paying insanely high interest rates on hard money and private money if that is what you indeed chose to use? A lot of people like to talk about their current business structures that are very sophisticated but I was hoping you could start at the beginning and provide details as to how you were able to really start moving things along.
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#3 Guru, Book, & Course Reviews Contributor
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- Springfield, MO
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#3 Guru, Book, & Course Reviews Contributor
- Investor, Entrepreneur, Educator
- Springfield, MO
You probably have a gold mine of clients as investor partners, yes, proceed with caution. Takes time, but get to know them, don't approach them straight on, talk up your success on a deal, just drop the fact you could do more with partners. Let them ask. I made some beg to get in! Don't meet them in the office, get in a casual setting. Put them in a passive income deal. :)