Friends and Family
No matter what the investment, most people will hit up their families and friends and for good reasons. Family and friends personally know you and might be more willing to help. Going into a business partnership with friends and family can be quite problematic but if the roles of the investors are clearly delineated problems can be avoided. If you friends or family that works in real estate start with them.
Small Banks and Credit Unions
Local and regional banks as well as credit unions are generally more receptive to small business ideas than larger banks who have less ability to be flexible with lending guidelines. Locally based financial institutions are generally more familiar with the local real estate opportunities as well. Small business owners in particular should always deal with a small bank or credit union in case they need to find investors quickly.
Real Estate Agents
Real estate agents can be a valuable investor for any real estate based business idea. Real estate agents are familiar with the market and might be more willing to take a chance in this field as they are familiar with it.
Real Estate Attorneys
Real estate attorneys, like agents, can too be valuable investors to a real estate business idea. Free legal help might even be taken as an 'investment' in a business. Attorneys, like real estate agents, may also have good insights into the local real estate market.
Community Groups
Any of the numerous social or fraternal organizations are likely filled with men and women with an entrepreneurial spirit that might be interested in becoming an investor in real estate. There are numerous groups in most areas and these are great places for networking as well as finding possible investors.
Coworkers
If you are working a 9 to 5 job and are seeking investors in real estate to get out on your own, chances are good that you have coworkers with the same dream. Casually mention your idea a few times around the office and see if you get any bites.
Published by J. Motes
Motes has been published in a variety of national and regional publications on subjects ranging from frugal living to rabbit hunting. View profile
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