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Updated over 7 years ago on . Most recent reply
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- Rental Property Investor
- Estes Park, CO
- 1,197
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Silent-Partner Search & Funnel: How do you find silent-partners?
A funnel is a system of how your search starts with many potentials and funnels down to a few actuals. This concept has been used in regard to finding deals a lot on BP. I'm wondering if and how any of you use a funnel when searching for silent-partners to invest with.
-How do you first reach out to people? (for example, I call or message those I know and think may be good candidates)
-What do you communicate with your first contact?
-I'm interested in what you give or show to these two types of people:
1) Those who have expressed interest in being a silent-partner with you but don't know the first thing about REI.
2) Those you are interested in having as silent partners, and you want to introduce them to the idea.
-How does your funnel end?
My funnel concludes with me asking for and receiving from the potential silent-partner: a completed balance sheet from my lender, last two years' tax returns, and credit score. I pass this info on to my lender to see if the person would qualify for a loan that meets my investment strategy criterion.
I found myself developing some basic info to include in an intro packet (ie an email with links &/or pdf's) and a more complete packet (i.e. an email with more links & pdfs) for those who saw the intro packet and wanted more info to make their decision. In the midst of this, I thought I'd ask y'all so as to not reinvent the wheel.