Seeking Guidance and Potential Partnership Opportunities in Real Estate Investment

[Liam Burns]

Hello all,

My name is Liam, and I recently established a real estate investing company in November. Since then, I have dedicated considerable time to training and extensive analysis of various investment opportunities.

While I have acquired a foundational understanding of the rehab process, I find myself facing challenges in connecting all the necessary elements for my first deal. Recognizing the complexity of the venture, I have outlined key components that I believe are crucial to success:

1. 1) Securing Hard Money/Private Lender
2. 2) Establishing a Real Estate Agent Relationship
3. 3) Identifying Properties with a Minimum of 12% ROI (After Comprehensive Analysis)
4. 4) Finding a Reputable General Contractor

I acknowledge that the above list lacks some context required for successful execution. With that being said, I am reaching out to seek guidance and potential partnership opportunities from experienced professionals or maybe even newbies who have just gotten their first deal.

If there is anyone within your network willing to offer insights, share expertise, or explore potential collaboration, I would greatly appreciate the opportunity to connect. I am highly motivated and committed to advancing in this crazy venture of real estate investing, and I believe that with the right guidance, I can successfully secure my first deal as well as help others.

Thank you in advance!

Regards,

Liam Burns

[Michael Dumler]

@Liam Burns, sorry for steering you in the wrong direction, but if you're young and new to real estate, house hacking should be your priority. Have you considered this investment strategy? 

While it's not impossible, raising private money when new to the industry is going to be difficult. Needless to say, investors are going to want to see some sort of track record. Moreover, as noted above, having reliable contractors to work with is a must. The number of stories I hear of newbies getting burned by contractors is profuse. 

Moving forward here is what I would advise: 

1. Attend local real estate investment meet-ups. Chances are you'll connect with an investment-focused real estate agent to guide you on your first purchase. 

2. Save capital and acquire your first house hack deal. This will allow you to enter the investment space with limited risk exposure. Moreover, the strategy will help you learn the nuances of being a landlord. 

3. As you house hack, you'll get a clear picture to see whether or not real estate is for you. Chances are you'll hit some road bumps but that's ok. 

I hope this provides some guidance and clarity!