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Updated 9 months ago,
Are there Investor Matching Platforms / Services out there?
I'm new to the wholesale / fix&flip / rehab strategies for buying & selling properties, and one of the main barriers to entry I run into with potential interested investors are the capital requirements to start their first project.
Most of the properties I have available are $300,000-700,000; so if a hard money lender requires 25% down, with closing costs of 1-2%, and the hard money lender wants $20,000 in reserves, plus 1% to the hard money lender, we're looking at anywhere between $104,000 to $216,000 out of pocket costs.
However, most of the people I run into have "only" about $20,000 to $60,000 available for their first project.
Are there platforms out there specifically getting investors matched on a per-deal basis? It seems like if I could put together 3-4 people who are interested in the same deal, and get them to pool their capital together on a flip, you would lower the per-person risk, you would allow more investors to enter the market.
Thoughts? Feedback? Anyone try investor matching before? How have you normally found partners?