You have a great start if you have a good relationship with the investors you have worked with in the past.

My opinion is that you are developing an ongoing relationship with people you are mailing to (cold list) and they will contact you when they're ready to (perhaps) take action if you've made the vendor "short list."

We were asked to give quotes before in competition with the bigger G.Cs and we bent over backwards to land those deals and make people happy, and everyone of those deals ran smoother and finished ahead of schedule compared to the ones the GC gave us.So just shop around you might be able to land a good relationship with a smaller group but not always.

It takes a while for someone to build a relationship of trust to get lenders.

That is why I mentioned coming in with say 10%.Let me ask a couple of more 'hypotheticals'........ and please remember these are folks I have had long relationships with, have a lot of trust in me from past dealings etc... and prefer to NOT get all their equity at once.Sample one; current owner owns 8 unit free and clear but wants to back out of day to day etc....

Excellent work.

Let's build these relationships!

I didn't get a chance to make it, but my business partners said it was excellent.

If I do not properly vet buyers for a seller I could lose the confidence of the relationship and the seller moving forward.

It is best to have a relationship and have them set up as servicing the property ahead of time.