What is recommended to check with entrepreneurs before entering into an investment with them to make sure it is a deal…
What should you check with entrepreneurs before entering into an investment with them to make sure that this is a deal as close as possible to perfect?
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I was in touch with dozens of entrepreneurs I found through the forum until I found my trusted people. This is a lot of conversation, correspondence and suggestions he offers you and you have thoroughly checked on several sites including finding the property on google earth as well as reading about the city while searching on google. (E.g. that's how I discovered Detroit's miserable situation) and the like.
That they live and reside in the place of the property. Only in such do I believe.
We did a webinar especially on this topic ..
Read all the questions and all the answers - the truth inside when it comes to investing in a multi-family
An article I wrote on the subject:
https://www.facebook.com/1915012101893346/posts/4188739381187262/
In the first line of the investment proposal, he clarifies what his fee is, is there no such line at the beginning? And one should "look" for where he earns? run away
There are many things to check and anyone here can give you questions. In my opinion there are some main things to check:
1. Personal impression of the entrepreneur
2. Make sure you get an answer to every question you ask
3 Identity of interests in the transaction
4. Assuming it is a group transaction, make sure that the entrepreneur invests his money in the transaction
Most entrepreneurs are reliable and have a real intention that their investor will succeed and be satisfied but for a good (imperfect) investment the most important thing is professionalism and experience. Niceness and reliability is nice. Successfully!
Hi David, We recently wrote an article that details exactly all the questions that need to be asked before investing. Successfully!
https://bit.ly/3252fsm
history
Perfect… Here I suspected.
Their credibility, their professionalism, their interests.
The so-called - having a mom and dad for the deal
😉
Check their experience in similar projects, and check if the developer himself is also invested in the deal
By and large you have no way to check, just trust them.
You can do basic tests to see if their numbers are not sucking at the finger and that too not always.
I would suggest doing research on the area they work in, and talking to investors who have invested with them