Quote from @Katherine Earle:
Quote from @Zackary C Dunn:
If I’m understanding your question correctly, you are trying to figure out how to find other investors to partner with or to lend to you to accomplish your deals.
If that’s the case I have no clue if the chicken came before the egg…. But I know for a fact the deal came before the money. If you find a great deal and can show the numbers make sense you will find the money.
Relationships require a value exchange. So if you’re looking for the capital you either need to be the deal finder or the laborer. Since your a RN I’m guessing you don’t have a lot of free time which leaves you with having to find a deal along with proving to the investor that you have a good enough relationship with a contractor that the job will actually get done.
If I miss understood the question sorry for the long response. If you find a deal and still can’t find the money let me know and I’ll work directly with you to find it.
I’m also unsure of what you are looking for. I love that you are a nurse and trying to break into real estate! Being in healthcare for 20 years myself, my most recent position in the er of a level 1 trauma center, I know exactly what you are going through everyday. So, kudos to you for taking initiative towards financial freedom (so many burnt out nurses who stay in it because they can’t afford to leave. Very sad)!!!! My question is what are you looking for and what are you bringing to the table? If you lack money, what are you doing on your days off? Are you looking for deals or learning how to manage a rental property? Are you going to meetups and signing up for local associations? If you have the money, why not start small and buy a duplex or a sfh and rent out rooms? If you are doing 3 12s, managing a duplex is very do-able. I have been studying on my days off while working towards buying my first 3-4 unit, got my RE license to get more knowledgeable about the process and for networking. Now, I’m about to close my first deal in 2 weeks with a very nice commission check! It was with a friend who knew I was doing this real estate stuff and wanted to do it too. We will be doing many more deals together because he has money and I have the knowledge and the license. Eventually we both will have money and will partner on bigger deals together. Good luck!!
Hello Katherine,
It's amazing hearing your story and seeing someone in my shoes do what I'm trying to do. I currently work 4-5 12's ( 2 extra to save up) a week. And on my way to work and on my days of I consume as much knowledge as possible. Currently reading the BRRRR book, and I look for deals. I trying to be more active in all the groups. So I have the drive and ability to find the deals but I don't have the money part. I'm thinking of using hard money so I specifically need the 20% or skin in the game as I don't have the cash to purchase a deal all cash.
It's really cool again to hear your story and see light at the end of the tunnel because everyone keeps telling me I can't do it but I know it's possible.
