When I was little (and by "little" I mean 15) I wanted to be a philanthropist. What I really meant by "philanthropist" was having a lot of money to do with what I pleased, which included giving exorbitant amounts to those less fortunate than I. I did not have a game plan for accumulating said mounds of money. Working at a particular vocation or marrying, which, in my opinion is redundant, hadn't entered the equation.
What I did not know at the time, but have since realized, is that I actually wanted to discover my passion and entrepreneur-erize with it!
Having come a ways down the thicketed path of entrepreneur-ism, I find myself home on a Friday night, blogging as I procrastinate on the more important aspects of my business that are demanding attention almost as loudly as my bed. I am blessed, truly, to have had many mentors encouraging me to pursue my passion instead of a 9-5. Discovering the vast and intricate world of real estate investing is hard but rewarding and I wouldn't trade it for the world.
However...
We've hit a wall. We have properties; they are GREAT deals! We just need proof of funds from an investor(s) to put the purchase contracts through. To get investors, however, it would generally be better to have the properties lined up so they don't feel like they're blindly giving us funds so we can vacation at length in Acapulco. Quite the catch 22.
Additionally it would be fantastic to actually have a prospectus printed but that first needs attorney review (we're interviewing lawyer #3 Monday), who will require a retainer to review our documents and create contracts, which requires funds. It would be fantastic to acquire some dough through making some buck on a property but we first need the investor. (like the deer pun there? eh? okay it's late, give me a break!).
If any of my silent fans are also secret millionaires, drop me a line. We can use code names and everything.
Saturday, August 22, 2009
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