How Does A Newbie Get A Partner??

I am new to real estate investment. I would like to start doing short sales and options. I don't necessarily need a partner (I don't think), but I feel it would probably help. I don't have oodles of cash sitting in the bank, and my credit was marred by job loss last year. So I think a partner is the best bet for deals that I need financing for or chunks of cash. Am I right in this assumption, or is there another way that I am missing?? Possibly hard money lenders? What do you pros think is the best way to tackle my goals with my situation. Thanks for all your input...it sure is needed!

Comments(4)

  • SSJustin26th March, 2004

    Anyone out there that can help?

  • classimg26th March, 2004

    You are getting started from the tone in your post so we encourage a huge amount of effort in the education department prior to seeking a funding partner. You must attract funding partners with straightforward money making deals. Keep moving ahead in learning the short sale approach to investing.

    Eric & Rosa
    [addsig]

  • niravmd26th March, 2004

    go to the local real estate investors club and ask around.
    specially stand up in the beginning and tell everyone what
    you're looking for.
    if you have a deal, people will fall over themselves to help you. if they dont you know its probably not a great deal to
    begin with.

  • SSJustin26th March, 2004

    Wow. Great advise guys. Thank you for all your help...I suppose my concern was that once I get a little more educated, and came to the point of finding partners, I would have trouble finding them and possibly lose some deals that I had already done my due diligence on. But it sounds like this isnt the case. Thanks for the input.

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