Selecting good Investor | Lucey Fund

Being the best investor Lucey Fund says, a great investor is to some degree created by the principal's interaction with the investor. Taking the time to include the investor in your project through regular communication can lead to ideas and approaches that will increase project returns, offer thoughts to reduce risk, and provides solutions to improve operations. This means providing regular project statements, communicating movement with residents, discussing challenges with financing, and sharing improvement ideas and objectives among many other possible items.

Selecting great investors is both an art and a science. Scientifically, good investors should have the net worth to suffer significant losses. Good investors should have experience investing in real estate opportunities. Good investors should have a record of the patience needed to reach a successful investment. Good investors should have the net worth and cash resources needed to protect an investment by providing required additional cash to put investment back on track should the investment go sideways.

From these two personal experiences, the investor experience begins to make a great deal more sense. You should be seeking investors that can add to your own experience. Seek investors that bring extraordinary legal experience or that have particularly strong investor community experience. Try to find out what your investor's existing projects demand or how they are personally involved in projects. Look to your investors early in the projects to see what they can add to the business plan or to the due diligence process. Look into the personal contacts of your investors and consider whether their Rolodex may add to your investment capabilities. Lucey Fund, Consider the potential direction your investment portfolio will take in the future and look for synergies that the investors you have may bring to plans now and later.