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Updated almost 6 years ago on . Most recent reply

Account Closed
  • North New Jersey, USA
7
Votes |
17
Posts

Little Experience and Money. Why would someone partner with me?

Account Closed
  • North New Jersey, USA
Posted

Although the title sounds depressing, it's not. 

It's a matter of fact question. 

As someone who is new to the REI game and deals, loans, etc. seem out of reach, partnering up seems like the way to go. But what's in it for that person who's funding the deal?

Is me finding a quality property manager, dealing with the management itself, collecting rents, etc enough for them to fund the deal and/or take out the loan under their name? They're not doing any work, just funding the deal and receiving their capital back plus interest. 

Do I have it right? 

Most Popular Reply

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2,251
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Lien Vuong
  • Real Estate Agent
  • Boston, MA
1,655
Votes |
2,251
Posts
Lien Vuong
  • Real Estate Agent
  • Boston, MA
Replied

Looks like you're not valuating your most important commodity - time. While that person has the funds, they want to invest in other asset classes and do not have time to chase down the nuances of that type of investment. There you are, foot on the ground, ready to work, bring the deal, and analyze it. They simply say yes or no. 

When you understand your worth to these investors is when you will attract them to you and you will have a deal ready. Keep looking and being open to your local RE market and once you get the deal, it's WHICH investor will pick you, then you're in the driver's seat. 

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