NEW Flip/Wholesale investors...

[W. Lee Gardner]

If your interested in getting into the Fix and Flip or Wholesale markets...  or If you are already in the community, I invite you to comment on your experiences.  Please keep your comments and replies focused for the benefit of the interested and novice investors.

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As an Investor, you know that "Time Is Money!"

  As an investor, our time is mostly spent setting up parameters also called structures for our next deal(s).  Now that could be relationships, networks, financing, exit strategies... what ever the case may be.   So when another "investor" brings a potential deal to me, I ask for the parameters/structure and I will analyze to see if it fits in my wheel house.  

I have recently been seeing a LOT of people who present themselves as an "investor" and they try to sell me a deal, rather than give the parameters or the structure(s) needed, and/or wanted.  They want to "talk with me on the phone" and try to sell me a deal that is "NOT ready" to be presented.  

For the NEW INVESTOR --> Please take this next part very serious.  If you try and sell a deal...  to a "SEASONED INVESTOR" than you have already lost the deal... AND THIS IS WHY...  Numbers will NOT Lie (take this tip with a grain of salt with appraisals LOL). 

If you have a deal, or a potential deal... put it in writing and see for yourself just what it "actually" looks like.  Many times a day, I am asked if I can do this and that,or would I be able to fund this and that. My response is ALWAYS the same, "Send me the parameters or, What are your parameters... and I will take a look."

As an Investor, you have to be able to put facts on paper/screen at a moments notice. If you are not prepared, it can cost you the deal... and in some cases your credibility.

If you have a deal, or a potential deal... put it in writing and see for yourself just what it "actually" looks like.  

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What do YOU find to be your current challenges, as an NEW or SEASONED investor to be these days?