What Makes a Good Funding Partner?
June 1, 2018Most “green” real estate investors and entrepreneurs consider how much money they can get and what rates they are going to be charged. This is extremely short sighted. Many serial entrepreneurs and CEOs that have recently led incredible businesses say that one of their biggest mistakes was accepting any money that came their way. Ultimately, accepting money without consideration forced them to lose control and make crippling decisions that they wouldn’t have otherwise . Five things that may be more important than dollar figures may be:
1. Ability to make your own decisions
A true partner will allow you the time, space to make your own decisions and answer any questions to make you feel comfortable with the decision that you have made.
2. Reliable and consistent funding
A funding partner gives you the mental freedom knowing that your projects will always have the finances to be backed. This allows you the time and energy to focus on making your investments as profitable as possible.
3. Personable
Having to work with someone that is unpleasant and rude can be a professional and personal damper. Ensure that you get along with your funding partner to maximize communication and prevent conflict.
4. Similar Goals
Before working together, ask your potential funding partner what their intentions are. Would they like to work with you short-term or long-term? Do they expect you to be on call 24/7?
5. Resources
A good financial investor has resources available for you to use. They have contacts, materials/supplies and educational knowledge to to pass on to you to help you succeed. What extra value does your potential funding partner have?
We would LOVE to see if we would be a good fit for your investment goals. Send us a message to [email protected] learn more information.
https://www.cthomesllc.com/2013/09/real-estate-investing-look-funding-partner/