Let it be known that you're an investor - Sucess Story

[Alex V.]

Hi BP Community,

I wanted to share a success story of implementing a tip I learned from BiggerPockets.

PRO TIP: Tell all your friends, family, and even strangers what you are working on.

I've read or heard a form of this advice in Anson Young's book on Finding and Funding Deals, in Brandon Turner's Book on Rental Property Investing, a quick tip on the Podcast, and from numerous podcast guests and I'm here to tell all my fellow noobs that IT WORKS!!

I just started investing in Kansas City this year and have been telling all my friends ad nauseam about the benefits of buy and hold rental investing. Well a few weeks ago one of my good friends emails me and says, "hey one of my clients needs to raise cash. He owns a bunch of property in KC. Are you interested?" To which I reply, "hell yeah I am but I don't have the cash so let's figure out how to make it work." We ended up partnering 50/50 on the deal, and his father who has been looking to invest in real estate, acted as our private money lender so we could close quickly, in cash.

Fast forward a few weeks later and I've just closed on an off market deal where we paid $15k below appraisal for a tenanted cash flowing SFR, started a partnership with a great friend who has a very complimentary skill set and work style to mine, and gained access to a private money lender with deep pockets. All of this because I simply spoke up about what I've been doing. For all the new investors out there, speak up about all the hard work you're doing, it pays!