I know private investors are tough to find, especially if you are just starting out.
I’m not sure your experience level, but put yourself in their shoes for a minute: private investors have a lot of money because they’ve worked hard for a long time. (Okay, some of them, perhaps, inherited the money or were just lucky – but most of them are smart and have worked hard.) Therefore, private lenders don’t throw their money around – especially to new investors. So it feels like a catch-22. You can’t raise money until you have experience, but you can’t gain experience without money.
What’s a newbie to do?
The One Thing Private Lenders Care About
Deep down, I believe that most private lenders care primarily about one thing, above all else, and if you can offer this one simple thing, you can get more money than you could ever handle.
Do you know what this is?
Simple:
Security
Pretty much, everything boils down to this one thing. If you can solve this concern, you can find unlimited money in this world to fund your real estate deals.
Seems almost too easy, doesn’t it?
The fact is – it is easy to understand, but a little harder to carry out. Isn’t this the case with most things in life? After all – we all know how to get a six-pack… but how many of us really do what it takes to get there? I know I need to stop eating candy, do a lot more crunches, and jog everyday… but the couch just seems so much more appetizing, doesn’t it? (Though… I’ll have you know…I just got P90x3 for Christmas and have started… just wait!)
So how do you solve this concern? Let’s talk about it…
Security and Raising Private Money
As I mentioned before, …read more