When I first started investing in real estate, I had a problem, I needed money to do deals. I did not had not family, relatives or acquaintances that had any money that I could turn to. My only option was to start working with partners. You can do the same. It’s very simple for you to copy

The arrangement goes like this: that I do all the work in finding the bargain property, getting it rehabbed, and sold. The partner can be silent (nonparticipating) or active, but puts up some or all of the cash required. The two of us then split the profits in an equitable fashion.

If you have absolutely no money in the deal yourself, here’s what I suggest as a fair split. In compensation for your efforts and expertise in finding the deal and managing the rehab and sale process, you receive a project manager bonus of $5,000, if the net profits exceed $15,000. The remaining profits after the sale would be split equally (if the net does not exceed $15,000, you do not receive the bonus but would equally split the proceeds). That’s a fair deal, don’t you think? You just need to convince your partner!

This type of arrangement is commonly called an “equity sharing joint venture”. Do it one deal at a time, for as long as you need or want outside financial participation. You don’t need long-term partners. After you do one or two deals, you should have plenty of money to go it alone.

What is the secret to getting partners and private lenders to JUMP!

The secret is ALL in the “packaging”. In order to sell your deal to a partner or investor, you have to package it and put a bow around it! You have to be organized, professional and have the specifics written down. The best approach to attract partners, investors or even private lenders is actually a two-step approach: Drive them to my “private lender” website to build my credibility and then after they ask for more information, I present the details of actual investment opportunity.

Presenting Your Proposed Partnership / Joint Venture

When you speak to your potential partner, give them a copy and review your rehab project plan. I use the Flippers and Rehab Software from http://RehabAndFlipperSoftware.com

This really is an AMAZING piece of software. Not only does it work the numbers for you, it also creates an executive summary, full financial statements, etc. It really makes you look like a professional.

This gives them a clear overview of your investment objective, how you intend to conduct business and a general approach to profit sharing. Present your “prospectus” to your proposed joint venture partner in a comfortable, no-pressure manner. Yes, there is no deal on the table, but don’t demand that he has to make a decision today. However, you do want them to make a decision soon as to whether they are interested in looking at deals as they become available. People will judge you on how well you present your ideas and how clearly you have thought things through.

There are many ways to find people who will partner with you. I believe the fastest way is to buy a list of “multiple mortgage holders” who have closed on property within the last 6 months. Please see one online method below to find these people. These people are confirmed real estate investors and understand the business.

You Sell yourself, discuss risks and how they will be minimized, and then focus the rest of the discussion on how the other party will benefit from the relationship. Answer the question, “What’s in it for me?” and you will succeed in getting people to participate in your venture. If they are interested, it’s a good time (before an actual deal becomes available) to see your attorney and get a partnership or joint venture agreement worked out, including the profit-split arrangement.

Present the Details on Actual Rehab Investment Opportunities

Do your homework and put together the best presentation you can. You must present yourself as a go-getter, someone who has the skills and ambition to get the job done. Sell yourself, discuss risks and how they will be minimized, and then focus the rest of the discussion on how the other party will benefit from the relationship. Always answer the question, “What’s in it for me?” and you will succeed in getting people to participate in your venture. Remember, one they are in the deal, get yourself a partnership or joint venture agreement worked out, including the profit-split arrangement.

Where to Find potential JV partners or Private Lender for less than $ 100.00

Here is my source.  www.InfoUSA.com

Step 1 – Go to CONSUMER Sales Leads

Step 2 – Work your ways through the lead generation wizard 

Step 3 –  Pay attention to following selection

• Age – 35 – 75
• Household Income – 3 times medium for your area
• Investor Type – Very Aggressive / Agressive

Step 4  – Review Your Settings

GET YOUR PRICE – 100 HOT PROSPECT MONEY LENDERS – 

 This is one of my favorite methods that you can use to find private money investors within 30 days.

The secret to success is asking great questions to hone in on the best profile of a person who would give you money for your real estate deals