All Forum Posts by: Mikal Quintanilla

Curious to know what’s the best way to provide value to a potential investor when bringing them a deal?

I'm new to REI but I learned if you show him or her a good property with great potential income, and the numbers make, you can find a partner willing to fund your deal.

But, I’m assuming to get equity in the deal, you have to provide some sort of value in addition to just finding the opportunity. For example, handle PM, have expertise is rehab, ETC.

Would love to get some insight from investors out there to see if this is necessary?

If someone like me hustles and find a deal, what are you looking for in me and in the deal to say yes????

Any insight and or recommendations is greatly appreciated! Thanks in advance!

-MQ

@Odie Ayaga

Thanks for the reply! No sir I do not have any out of state relationships yet. I appreciate the inside to begin working on those.

Any advice on how to make that happen? I’ve read the best way to do that is to attend networking events in your area. But that’s for the area you live in. I was planning on cold calling.

- MQ

@Abel Curiel

Thank you for your insight! This is greatly appreciated.

Hello Everyone!

I'm new to BiggerPockets and REI investing but super thankful for this platform to learn and the ability ask questions!

I'm curious to know if you can begin REI, specifically begin BRRRR investing out of state (because I live in the Los Angeles area) without having a solid foundation. I mean investing without the following:

- Good Credit

- Low Debt

- Good income

I’ve read a little bit about creative financing such as establishing partnerships, using hard money lenders and private lenders, etc. BUT...don’t you need to have the above established to even earn trust from someone?

Or, is it true that as long as you hustle and find a deal, that effort can make up for nothing having a solid financial foundation in place?

Happy to receive any and all feedback. Hopefully I make sense. Thank you to all in advance who make the effort to respond.

- MQ