Funding Real Estate Deals Might Be Easier Than You Thought
Funding real estate deals can take many approaches. Here we look at an example of how one well known investor approached this and the results he had. In addition, we plant the seed of how you can take advantage of this strategy too.
Funding real estate deals is obviously an important component for any investor that wants to do multiple deals. This is probably even more true today, with the state of lending and the economy. So what is an investor to do? Well there are several means outside of the conventional and one which you may not have considered. I am going to site a very successful investor, you certainly have heard of, and his strategy and how this may work for you, too.
Buffet is an American investor who earned a huge fortune from wise
investments. He lives in Omaha, in a house that he has been living in
for the last 45 years.
When he was a young man just home from
graduate school a few decades ago, he was convinced that you should
always buy based on the fundamentals and not worry about trends, what
other people were doing, or even what the buzz on Wall Street was.
just mailed the letters and waited for people to send checks to him.
While he waited, he started calling on people. He signed up a large
share of those 272 people at some point or another. If you had been
one of Warren Buffetís original investors, you would be quite
knew that he couldnít just run an ad in a newspaper since he was a
kid hardly out of college. He had to deal with the people he knew
best and who knew him best. Many people of good character thought a
lot of him and invested their money.
to do that, too. If you canít get an owner or a tenant to invest
with you, start with the people to whom you are closestóthat know
you the best. They are the ones most likely to give you money.
Perhaps it seems to be counter-intuitive to ask your best friends for
money because you donít want to ruin that friendship, but consider
these key points.
Now you may have to get outside your comfort zone to initiate this technique or you may quickly find out 'Who Loves Ya Baby'. However, if you are knowledgeable and confident you can do good deals and prove yourself, then it is likely you will find people to invest with you and most likely more so in the future if they are getting a good return on their investment. So funding real estate deals from external sources will take some leg work and effort, but it is a doable proposition if you approach it in the correct manner and perform on your promise.
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ABOUT THE AUTHOR
One Deal to Financial Freedom? Gary Tharp invites you to get access to ask the real estate experts who are mentors to millionaires today! Attend the next free commercial real estate webinar with some of the nation's leading real estate experts: Real Deal Commercial Webinar
Gary is widely regarded in commercial real estate, having developed tools and systems of commercial property evaluation that have become industry standards used by professionals nationwide.Gary is a Florida Partner for the Lynxs Group, national developer of air cargo facilities, Fellow of the faculty of the CCIM Institute, and Board of Advisor with HIS Real Estate Network, commercial real estate buying group.