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Updated over 3 years ago on . Most recent reply
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How to find private money investor or JV partners
I'm wondering how other investors find private money for a good cash flowing deal. How would you vet them too?
Ie: I have a cape in North End of Bridgeport CT locked in cash flow after PITI and all other expenses is around 600+/mo. I am looking for Private money to cover 20% down, approximately 60k. Can repay from cash flow and put on as 2nd lien. Open to fair terms.
Most Popular Reply
@Jeff Hudak People do business with those they know, like, and trust. It usually takes time to network and find partners to work with. This can sometimes come together quickly and you are able to jump into a deal quickly with the right potential partner. I'd recommend attending networking events to get to know other investors. Tell everyone what you are doing and discuss the "opportunity" you have instead of asking for money.
Best of luck!