Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 3 years ago on . Most recent reply

User Stats

17
Posts
6
Votes
Dylan Bennett
  • New to Real Estate
  • Tomah, WI
6
Votes |
17
Posts

Tips for trying to secure OPM for investments

Dylan Bennett
  • New to Real Estate
  • Tomah, WI
Posted

Hi there I am an aspiring business owner and investor who grew up in a very working class family and one of my biggest mental hurdles is getting over asking people to invest in my investments. For some reason I keep having these feelings of taboo anytime the thought of having to ask people for money. I keep finding myself telling myself to just jailbreak my first property so I don't have to come up with a large down payment, while jailbreaking seems like a great investment tool I feel like I'm telling myself these stories to avoid my fear of asking for money. Has anyone else struggled with this, and if so how did you overcome this issue, because I'm not rich (yet) and OPM is a non-negotiable at a point if I want to hit my goals!

DB

Most Popular Reply

User Stats

5,037
Posts
4,678
Votes
Taylor L.
  • Rental Property Investor
  • RVA
4,678
Votes |
5,037
Posts
Taylor L.
  • Rental Property Investor
  • RVA
Replied

Baby steps. Just start talking to people who passively invest about what they invest in. Just start getting comfortable talking about passive investments with people. Not that you're offering anything, you're just doing research. Do that 20 times and you'll be much more comfortable talking about passive investments. If 20 doesn't do it, then make it 40. The point is just having the conversations.

Then keep pushing the boundaries! Talk with people about types of deals you're looking at and ask them if they'd be interested in that kind of thing. Some will say no, and that is totally okay. That still means you're learning.

Keep pushing that comfort zone and you won't even know what you used to be scared of.

Always remember that you're not **asking** someone for their money. You're offering an opportunity. Focus your mind on the fact that you're offering an opportunity. Not in the interest of lame sales tricks, but to remember that they need to benefit from the investment and understand how they benefit. 

Your goal is to find someone whose goals align with the opportunity you can offer. If you focus on that, and remember to come from a place of service, the rest will fall into place as you keep pushing your comfort zone.

Loading replies...