Re: Don’t know how to finance deal - Posted by Chris in FL
Posted by Chris in FL on June 07, 2006 at 13:41:13:
If the deals are slam-dunks, get them under contract (leave yourself as long to close as possible). Once they are under contract, shop immediately for partners and/or lenders to help you do the deals. If you aren’t able to find that quickly, then assign your contracts to other investors for a fee (you become a wholesaler). If the deals are good enough, you win either way.
I have more deals than cash right now, so I probably can’t be a money partner at this moment, but there are times when I am willing to be a money partner. In fact, I am a 50-50 partner on most of what I am working on right now (my partner is finding the deals and managing the keepers, and I am bringing the money). Join your local REIA to look for partners, hard money lenders, and/or people to wholesale your deals to. Best wishes!