What to bring to the table when meeting an investor
I have read several books and talked to multiple small time real estate investors and have spent a long time with research and making sure I want to go down this road. After two months of playing with numbers, reading blogs on here, and listening to the podcast I took went ahead and ran my numbers to see what I could be approved for (I am 19 years old with a steady full time job at a bank) and I decided with the rent rate I would receive and after hazard insurance and taxes and every other misc. expense being covered, that I should stick to around 100,000 for my first home. I also have an appointment with an investor interested in meeting me. My question is, should I stick to a cheap home for my first deal, or should I go with an investor who knows what their doing? Make minimum, but be able to learn everything I can in the first year or so. This way I'll be able to better myself when it comes to future deals. If I do decide to go with an investor, I don't have a good idea on what grounds I should stand on, as of how much of the ROI or cash flow I would receive, say if I was living in one room, or one unit of a multifamily home and doing the property managing for him/her. Or would a typical deal be along the lines of, with a100,000 house, if he invested 20k to put down and I paid the mortgage, would we split cash flow 80/20? What would you guys do in this situation? Thanks for any feedback, always looking to learn