What if I don’t have any money to invest? Go get it! There is an unlimited supply of Professional Real Estate Investors who want to invest in Real Estate right now. You just have to find them, present your plan and get them to invest with you. First, Professional Real Estate Investors. All they do, all day long, is look for deals. They have cash. They also hang out in public places. So go where they gather. Every month you can find Real Estate Investors with cash in hand, trying to buy property at Public Auction. Go there and get names and emails. Go there with a property prospectus and hand it out. The goal is to find out what these investors are looking for and fill that demand. Also, Real Estate Investor have properties to sell and or rent. Go to your local newspaper or sites like Craigslist and look in the “Homes For Rent” section. Call on the rentals and make contact. Tell them who you ask them if they are looking to expand their Real Estate portfolio. You will find stable, long term Investors with money. Another great source to find money is by contacting local Property Management Companies. You can offer to send deals to them via email and fax that they can distribute to their client Investor database. The Property Management Company will love you as it helps build inventory for them as well. It is truly a win- win situation between you and the property management company. The money and resources are out there. Remember, if you create a profitable deal the money …
www.pmdave.com 3nd Interview with Marc Cunningham of Grace Management & Investment. PmDave: What should I look for in a property manager? Marc Cunningham: In this market you have to be careful because what we have seen in the past 12 months you see property management companies popping up all over the place. Because a lot of Realtors that find their business a little slow – Realtors that have done nothing but sales they have nothing to do, they are not making any money. So they are deciding to jump in to the property management business so suddenly their are a lot of property management companies to choice from. Just like any other industry so are good and some are bad. So you look for longevity see that the property management company has been around a while. Make sure they are a company that specialize in property management and they company that just sells homes and doing a little bit to supplement by doing property management. You want some one that specialize in that. Make sure they have enough inventory so they are not just depending on you Mr. Owner to make their income you don’t want to be one of ten customers this person has because you need to have a bigger base than that, yet you don’t want them so big that they are just rolling in to their system and you don’t get the service that you think you need. Someone that has been around awhile someone that knows what they are doing. I always tell owners, when you are talking to property management companies – think of …
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