Archive for How to Set up the Deal
How to Wheel and Deal with Private Money (and save money on Advil)
Posted by: | CommentsYes. It’s time to visit this subject again…setting up private money deals.
One of the best things I can provide for you is a road map through the minefield so you don’t step on any of the ‘Bouncing Betty’s’ that I did.
Here’s the typical process most investors go through with their deals:
- find deal
- scramble around for funding
- hopefully close
Does this sound at all familiar?
I can already hear it: “but Adam, I’m just finding end-buyers and assigning the contract.” That’s great. If you can play the arbitrage game with real estate – more power to you. However, I’ve rarely seen investors make this a consistent and reliable stream of income. A deal here and there, but what you really have with that model is a marketing company not a real estate company, with small profit margins relative to what you get when you buy and sell or buy and hold for cash flow. Read More→