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Updated almost 8 years ago on . Most recent reply

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Durrell Dixon
  • Real Estate Investor
  • Houston, TX
0
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How do to attach funding partners as a newbie

Durrell Dixon
  • Real Estate Investor
  • Houston, TX
Posted

Hello, I'm Durrell Dixon, it getting stated in real estates. I'm looking to purchase low-end REOs, owner finance them, and sell the notes on some of them. Right now, I am low on cash and I need to know best way to attacted funding for these deals. I'm not able to qaulify for a conventional or personal loan. I not looking at hard money because the amount that I need is between 8000- 10,000, I have talk to family and friends but they don't have the money. I think the perfect partner is someone with a self-directed IRA or someone who would partner with me on deals. In the second senario, I would like to know if an equity or debt partnership is best.

Thank for you advise and comments it is appreciated  

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Austin Fruechting
  • Investor
  • Kansas City, MO
1,670
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Austin Fruechting
  • Investor
  • Kansas City, MO
Replied

If you're just getting started and your friends and family don't have the money to loan, it's going to be very hard to do.
I don't know how to say this without sounding like a jerk, so know I'm saying this trying to be constructive: If you want to attract investors you'll have to use proper grammar and spelling. Outside investors aren't going to trust your professionalism or that you are meticulous enough to run a project if time isn't even spent to communicate with proper grammar and correct spelling.

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