Sound like your in the same situation I am in I found this great piece of property and tried to get this Investor to fund it because that's what their website say you find it and we fund it and we can do a joint venture split 50/50 and thank god that I joined this site because it has been so helpful to me in many ways. So I had him sign a noncompete form so that he couldnt try and take the property from me and the weird thing is I took him to see the property and afterwards he wouldnt take no more calls from me nor would respond to my messages I left for him to contact me back as to weather we was going to do the joint venture. New to REI and I tell you I was confused as to him being a business owner to of delt with the situation the way he did. Just be careful in reaching out to investors make sure you protect yourself. Anyway good luck I am having a hard time getting a loan also but I am determined to make something work.
The one HML I called told me that I had to put down 5% (17,800) of my own money and I said I am new to this I dont have that type of money. If you come across a list of RE investors and dont mind sharing it with me then please get in touch with me. In the meantime should I find any information that will be helpful to you I will PM you. Like I said I am new.
Just wanted to share that with you.
