How much experience before raising OPM

[Chris Seveney]

I get this question asked a lot and it’s difficult to answer as it varies per investor. Unfortunately I see many people starting out attempting to raise $ without doing a deal because of some guru training they took over a weekend that teaches them more about shady marketing strategies than how to buy and manage notes.

Curious what people think on this topic. I would say it should be around 10 deals acquired with 5 completed / worked out (big difference between deals acquired and completed in my mind). From a time period this is probably 2+ years of experience.

Thoughts / opinions ?