Re: need help with a fantastic opportunity - Posted by Jose/TEX
Posted by Jose/TEX on May 31, 2000 at 06:56:36:
Have you done a package on your experience with marina’s and your father been a builder, etc,
When I first started I did not have any money and since I was new at the business there were no lenders interested in taking a chance with me by lending money.
So what I did was write down all my education and experience and looked for a property that I really knew I could do the repairs/upgrades needed. When I found that property I made an offer to the Seller asking Seller to be my partner. On one deal, the Seller agreed and provided property and credit to buy materials and I provided all my know-how repairs, upgrades, etc. and when property sold Seller got his money and I got mind.
In order for this to work you must get Seller’s trust that you know what you are doing. Sometimes this works out better than getting a hard money lender, etc.
Just my 2cents worth.