All Forum Posts by: Robert Jenkins

I prefer the public aspect. Like J said, it's the accountability thing.

Both of you are correct. As that was about my thrid draft i've put together originally with a partner then it changed and changed again which is why there are some contradictions with "us" or "they." I've been reading it over and over and haven't been able to catch a lot of the small details because i'm not that great of a writer.

But yes the reason i posted it because i know there are contradictions and wanted someone who's a littler better at writing structure, to have some input.

So i'm building/ refining my business plan. (please critque my plan) And the goal of it is cashflow. With that, i want something that will entice investors to take an equity stake and not a debt position. (i know you kill your big profits at the end.) So i was thinking, since i never plan on putting more then 30% down if i offered the investors a 1 and 1/2 time stake i would be paying out 45% of the equity at the time of sale, but for not having put something down myself that's pretty good. Are there issues here?

To me that seems clear on what we want to do and how we plan to make money, but that's why i'm asking for outside opinions. Should i get specific?

J i agree with you on it's lack of specifics and thos are definately good ideas. I was wondering how specific do you want to get with investors and how detailed with numbers and expectations should i be?

I don't want to put myself into a bind by saying one thing and handcuffing myself.

Oh and to answer your question. The purpose is to procure investors.

oh man what a buzzkill josh! i was excited after the tattoo butt comment!!

Eh...but i agree definately and that's what i'm doing. I just wantt o know if anyone has found success breaking the mold.

Ok i guess i'll get the ball rolling.

It doesn't state what's in it for me as the investor!

Of course i was being dramatic and haven't actually concidered something like that. I just wanted to know what others have done to find our build new relationships in the past.

So i'm not rolling in dough, but i'm looking to get into REI!

I'm a relatively shy guy and i'm trying my best to network with money, but i feel i don't make a big enough impression. I'm totally willing to put myself out there and do what it takes ( i cold call and door knock and what not). So i want to know what are some of the crazy ways some of you guys met your capital backers? Maybe dress up in some spandex at a professional office? Tattoo "I INVEST IN REAL ESTATE" on my forehead? What are some crazy/good stories of you meeting someone who put their trust and money into you?

I'd say i qualify as an ideal newb. I'm a commercial broker, but i'm 22, not a lot of cash, and don't have a mentor.

I've been networking a little, putting together a business plan (check it out on getting started page), and trying to figure everything out on my own. I'm looking for a mentor and i'm definately willing to be someones "slave" for 6months or so so i can have a good base.

I definately enjoy being held accountable by professionals, only problem is i'm looking into long term holds. Maybe we can have a picture of the "monthly" paycheck?