Investors - How to be appealing to you?

Question

Right now I'm in a situation where I feel I wouldn't be very appealing to an investor, but I would like to know how to be! I don't have money, my credit isn't that great right now, and I have nothing under my belt as far as experience goes. I do have time, however.

I would like to know what I can do to be appealing to an investor. What are things you look for when it's someone in my situation? What sets you back? What gives you good vibes?

Jerry W. · Answer

@Cheri Schaffer, my old saying is that if you don't have money to invest in real estate now, then invest in yourself.  Get educated, and like suggested above, get hands on experience to help you in your investing later on.  You may even get a job that opens doors to investing for you.

James Wise · Answer

Try to get a job working for an investor/agent.

Partnering is not likely in the cards for you but working for an experienced person will solve a few of your problems at once.

You will recieve money, contacts & experience all at once.

Jeff Rabinowitz · Answer

@Cheri Schaffer, if you simply offer to help you will set yourself apart from most people. Your offer will be most appreciated if you can learn what the investor does. Do they send out letters? Offer to stuff envelopes or write them out by hand. Do they screen a lot of properties? Offer to visit them and take photos or videos? Learning what they do will lead you to what help they could use--and you could provide. Many investors work alone and may not have anything for you. Some work alone and may not have thought seriously about working with an assistant before. There are always a few who have thought about scaling their operations and have not worked out all the details--you may be the person they want to meet.

Jennifer Lee · Answer

find a local reia (real estate investor group)

and start talking to ppl.

maybe they need an assistant ;)

Rachel H. · Answer

Most times, it's a personality issue. If you can find someone who is doing what you eventually want to do and works well with your personality, it can be a good fit. I've written about this topic in my next book. Best of luck! :)

Cheri Schaffer · Answer

Thanks @Jay Hinrichs!  I'm definitely on the look out.  I'm trying to figure out who is the "top dogs" around this area, and I have a generally good idea.  I'm still trying to figure out the best approach to this as well.  I think I'll just start mingling. :)If you're ever back this way, check out some of the Putnam ones.  They have some new galleries up on Main St and even on Providence St.  Providence St has some really unique art!

Jay Hinrichs · Answer

@Cheri Schaffer  its probably gone by now it was a main gallery right on main street.. what  a bucolic town.. really really cool. I would love to get back some day.

the art was mainly dog's but some other animals and it was whimsical and really unique.

Like what usually happens to me I don't buy a piece then regret it.. I found a awesome piece on Santerini did not buy it now really kick myself.

Follow up with top realtors in your town .... see if that's a fit for you.

Cheri Schaffer · Answer

Hey @Jay Hinrichs.  I was looking for the art gallery you were talking about but couldn't find it.  It's a small town, as I'm sure you know, so I'll ask around for you in case they're not big advertisers.  Small world!

Cheri Schaffer · Answer

Thanks guys.  I'll see what I can do.  I really appreciate all the information.  I was really hoping to start investing in the next 6 months, but I think that might be a little out of my realm at this point.  I'll just continue to proceed on!

Jay Hinrichs · Answer

@Cheri Schaffer  get a job as an assistant to a top producing RE broker in the area.. get paid to learn... most of them are in it for the long haul.. investors are well they are investors and are basically used to working alone etc... and most won't pay you anything up front.. and many can be absolute time wasters for you.

A top producing agent will have years under there best established name in the community and you will get the benefit of associating with that name.

By the way that is a great little town you live in... There is an art gallery there or there was 20 some years ago that does doggie pictures.. I would love to get the name of that if its still up and running... ( probably not) but worth a shot.

good luck ...

Investors - How to be appealing to you?

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