Worried about funding your deals?

If you’re broke you should still be searching craigslist and you should still be going to your REIA meetings and networking. Because once you come across a deal, and the numbers work, you’ll be able to get the money from somewhere-I promise you this. All investors’ care about is if the numbers work and if the deal is going to make money. And if it is, then they’ll be happy to invest in it for a cut of the profits. When I was broke, this is how I funded several of my early deals. I was more than happy to give up 50% of my profits, because if I hadn’t gotten the money I would have ended up with 0% of the profits. And I don’t know about you, but 50% of something is a lot better than nothing.

As I’ve become more successful I’ve also helped out new people who brought me a deal by investing in it and splitting the profits. Again, all I care about is if the deal is going to make me money. And I could care less about getting 50% of the profits because if that person had not brought the deal to me, I would have never known about it.

So, if you happen to be short on funds right now, don’t worry about it. If you come across a genuinely good deal the money will come out of the woodwork. Just make sure that you’re constantly networking so you know who the successful investors are in your hometown, who can put up the money for your deals.