QUOTE (thomasbeyer2000 @ May 16 2009, 10:44 AM) Four options:
a) make more money .. see 5 ways to make money here
http://myreinspace.com/public_forums/General_Discussion/61-3347-5_ways_to_make_money.html
b) re-fi one or more properties .. if they still cash-flow then ..
c) sell one or more properties .. then re-invest in better deals .. or
d) find money partners to invest with you .. based on a small`ish track record you have !
What is your website ?
That is step one !
Step 2 is a salesy, yet realistic attitude and personal manner to present your story / opportunity !
Step 3 is a business card
Step 4 is to develop a JV kit to attract money partners. This kit includes:
a) personal story,
b) sample past properties / track record,
c) write up on why invest with me,
d) legal agreement,
e) relevant newspaper articles,
f) why invest in the location you propose,
g) specific deal with projected possible ROIs based on some realistic assumptions
Once you`ve got that send me a sample or post it here and folks will give you feedback what can be improved !
As part of step 4 the trick is to turn every conversation into a real estate conversation.
Wow what a great post!
I would suggest you offer up a share of your existing properties with FIXED numbers that investors can measure against other investment options. You will have to sell yourself much less as your property will do the selling for you if you have managed them properly!
Then you can take that $ and go and buy something else.
Don`t worry about your credit until a GOOD mortgage broker tells you you can`t afford anything. There are some EXCELLENT ones out there that can get you mortgages when you never thought you would be able to.
