Seeking Advice: Expert in STR Seeking Financial Partnerships

[Dexter Crawford]

With the level of knowledge and resources I have, I bring a high level of expertise.  I bring knowledge, time, and deal opportunities to the table. However, due to recent divorce, lacking credit and finances holds me back from making significant moves solo. Any advice or insights on finding financial partners or unlocking access to resources in the Houston area?

Appreciate any guidance you can offer.

[Mike Grudzien]

Dexter,

What are you trying to accomplish?  What are you bringing to the table and what do you need?

Mike

[Dexter Crawford]

Mike,

Thanks for asking.

What am I trying to accomplish:

- I'd like to be in position to close RE deals in the Houston area - STR, LTR, and flip and flip

What do I bring to the table:

- Knowledge and expertise in the space of RE; first fix-n-flip was 2011; last one was 2022; I started in the furnished housing market in 2016

- My self-employed and free flight benefits give me the flexibility I need to move around as needed globally

- Network - My mentor is a former basketball player, and through him and many other resources, I've made many valuable connections over the past 15 years.

- Creative finance solutions 

    - I co-manage a startup accounting firm

    - I'm well versed in all things finance/funding related - taxes, bookkeeping, credit/credit           repair, business credit management and building. 

    - Day trader since 2017 - well versed in the markets, including cryptocurrency.

    - Business solutions knowledge - I have a 20 year background in IT.  So I take all my               experience finance, IT, and RE to make decent decisions for myself and clients.

What do I need:

- In short, cash - an equity partner. A go-to partnership that I can rely on to get us to the closing table. I can manage the deal, and get us out of the deal (if we're flipping). If we're buying an holding, I have a few non-traditional cashout resources as well under my "creative finance" playbook.

[Michael Baum]

Hey @Dexter Crawford, this really belongs in the classifieds section. You will get more traction there.

[Dexter Crawford]

I will check into that! Thank you.

[Brooklyn McCarty]

I'm sure there are fb groups for co hosting - you could try there. But if you are gonna co - host make sure you do it the right way, co host is a simple term for property manager

[Dan Thomas]

@Dexter Crawford

You bring a network developed over 15 years... why not leverage that?

I often feel uncomfortable asking people I know to invest with me but the reality is that if the deal you are bringing them really is a deal you are going to be making them money.

Seems to me you might have the answer right in front of you. Even if they are not the right person to invest with you they each have their own networks and might be able to make connections for you.

[Dexter Crawford]

@Dan Thomas Thanks for asking that question; it's a great one. And I agree with you 100%. I'm looking to do business in Houston as I live here now. But I was born and raised in Chicago. I'm engaging old connects and making new ones simultaneously. The new connects I'm looking to make would be other experts and investors in the Houston-land areas. I hope that makes sense and answers your question.

[Dan Thomas]

@Dexter Crawford

It answers my question, not sure that it makes sense to me. A good deal is a good deal no matter where it is located especially for an equity partner. Why does the investor need to be located in your area? What value does that bring? Seems to me that you are limiting your potential.

[Mike Grudzien]

Quote from @Dexter Crawford:

Mike,

Thanks for asking.

What am I trying to accomplish:

- I'd like to be in position to close RE deals in the Houston area - STR, LTR, and flip and flip

What do I bring to the table:

- Knowledge and expertise in the space of RE; first fix-n-flip was 2011; last one was 2022; I started in the furnished housing market in 2016

- My self-employed and free flight benefits give me the flexibility I need to move around as needed globally

- Network - My mentor is a former basketball player, and through him and many other resources, I've made many valuable connections over the past 15 years.

- Creative finance solutions 

    - I co-manage a startup accounting firm

    - I'm well versed in all things finance/funding related - taxes, bookkeeping, credit/credit           repair, business credit management and building. 

    - Day trader since 2017 - well versed in the markets, including cryptocurrency.

    - Business solutions knowledge - I have a 20 year background in IT.  So I take all my               experience finance, IT, and RE to make decent decisions for myself and clients.

What do I need:

- In short, cash - an equity partner. A go-to partnership that I can rely on to get us to the closing table. I can manage the deal, and get us out of the deal (if we're flipping). If we're buying an holding, I have a few non-traditional cashout resources as well under my "creative finance" playbook.

Dexter,
I'm a stickler for "defining the ask".  You knocked it out of the park!  That was one of the best described background, situation and opportunity posts I've seen.  You are spot on.  I'm going to keep following you because I believe that you are going places!
Keep doing what you are doing,
Mike

[Andrew Steffens]

Quote from @Dexter Crawford:

With the level of knowledge and resources I have, I bring a high level of expertise.  I bring knowledge, time, and deal opportunities to the table. However, due to recent divorce, lacking credit and finances holds me back from making significant moves solo. Any advice or insights on finding financial partners or unlocking access to resources in the Houston area?

Appreciate any guidance you can offer.

 When I was starting out, I used equity partners.  Not the best deal as they tend to do nothing but put up money and typically take half, but it is better than nothing.  I would network locally with financial advisors, RE investor meetups etc.  Bring "deals" with you not just your resume essentially.  Best of luck!

[Dexter Crawford]

Makes sense.

[Dexter Crawford]

Thanks @Mike Grudzien