I have an add up on Craig's List for my company WW Land and I got a call today from a guy who represents investors.
He wanted to know what my business was, so I told him we do construction and remodeling and we are starting to get into foreclosures. As far as the foreclosures go, we look for properties in the 200's range that have a lien on them for significantly less. We then buy them, and either rent them out or resell them.
He said he had investors that invested in companies like my own and would be interested in putting up the capitol if we would find the projects and work them out. If we didn't want to work that way with them, they would also offer a finders fee for any project leads I sent their way.
Does anyone here have any experience with outside investors giving them capitol?
What makes me uncomfortable is the fact that an investor has complete control of the project since they are putting up the money. I would like it better if I was the one in complete control.
I might just do the finders fee thing...