Posted by Sharon on September 19, 2003 at 15:43:50:
If you don’t have any “upfront money” to purchase investment properties, you need a plan. Here’s one idea: Put together some sort of business proposal outlining what your goals are,what type of properties you would like to purchase, what are your plans to do with the properties once purchased, and what type of interest your partners can expect to receive on their money if they loan money to you to purchase real estate.
You might want to get with a CPA, experienced real estate attorney, or contact your local Small Business Administration office to help you put together a business proposal to present to investors/partners who might be interested in giving you the “upfront money” to help you get started buying real estate.