You may havea hunch that your deal will be interesting to investors,but until you have a prospectus with pro-forma numbersyou do not know how many investors will be interested.He is now in the "fund raising" period, looking for investors.If you are financially able to invest, you would request theprospectus and then invest if you like what you see.You would be part owner of a retirement village in SoCalcomplete with golf course, etc.No I understand the process of building the plan and then looking for money I am planning this same type of deal with a popular down south business to bring up to my area, the point that I am asking about is when planning I should have an IDEA of who I will pitch my plans to, from this post it seems like this guy doesn't have anyone on board and is almost lost in looking for investors and if he works for a RE development group he should at least have a few "pocket" people or groups that will get him started with the funding.

The deal was incidently no money out of my pocket as I used the increased equity spread from financing the 14 individual units as investment condos versus buying the building as a single apartment based on cap rate.

I like all forms of developing, but why do it this way when there is less overhead and out of pocket expenses other ways.Thanks for the contact names, I will keep it in mind for the future.

Nightowl, there are several strategies to make money in real estate with little or no money out of your pocket.

We bought a duplex for rental purposes with about a $1,000 out of pocket, and then we started doing rehabs (fix up and resell) to build up capital to fund more rentals.

I currently have over $100,000 in remodeling costs on these different complexes out of my own pocket, and I have another $100,000 in second liens on them that I also used to rehab them.

take these #'s for exampleARV=200KPurchase price of home = 100KAfter figuring all of the soft, closing, title, taxes, insurance, points paid, Interest for 1 year and the draw interest...I calculated that you would have around 17K to work with in rehabing the home within the loan and you may have to come out of pocket to finish it.... and you haven't even paid the sell side closing costs and broker fee.Just my $.02

I have about half of the cash in pocket so my holdover isn't too high.

Yet, another newbie to Bigger Pockets.

If I did not offer a low enough amount, what would happen is that I would pay the difference out of MY OWN POCKET.