What Type of Investor Do You Need?

When working with investors you could be working with a family member, friend or professional investor. Gordon provides us with a detailed explanation of the 2 different types of investors in this informative episode. Anyone you meet could be a potential investor so listen in to find out who you could be working with.   KEY TAKEAWAYS Non-sophisticated investors; Family, friends or solopreneurs that you’ve met through your network When you are working with non-sophisticated investors you can only do this through a personal loan.   It is illegal to do a joint venture deal with non-sophisticated investors Sophisticated investors; Venture capitalists, angel investors and private investors. There are a specific set of criteria you have to meet to qualify as a sophisticated investor; Earning in excess of one hundred thousand per year. Net assets to at least the value of 250,000 pounds excluding your primary residence Have made 2 unregulated investments in the last 12 months. When you are undertaking a Joint Venture, you must ensure the investor is a sophisticated investor as it is illegal to undertake this type of collaboration with a non-sophisticated investor. It is important to make sure you take the time and effort to understand the details and set up your investments correctly.   BEST MOMENTS ‘There is a very big difference between the 2 types of investors’ ‘When you are talking about investments it doesn’t just have to be money, it may be specific skills that could drive you forwards’ ‘Anyone you meet could be a potential investor’   VALUABLE RESOURCES The Property Entrepreneur Podcast   ABOUT THE HOST Welcome to the Property Entrepreneur Podcast. We don’t know about you, but we’re fed up of being broke and relying on exchanging time for money working for others. Join Gordon Done on his journey to becoming a full-time property investor. You’ll get a no holds barred introduction to property entrepreneurship. It doesn’t matter if you’re completely new to property or you’ve been working in property for years; we’ll give you the tools you need to create a mindset for success. We’ll help you avoid any mistakes we make along the way while giving you the blueprint to any successes we achieve. Join us on our journey to becoming professional property investors and learn how you too can become financially free through property entrepreneurship.   “Financially free…Brick by Brick”   CONTACT METHOD https://www.facebook.com/The-Property-Entrepreneur-Podcast-519677241877352/ https://www.instagram.com/thepropertyentrepreneurpodcast/ https://www.thepropertyentrepreneurpodcast.com/ [email protected]