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Updated over 6 years ago on . Most recent reply

User Stats

385
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Philip Williams
  • Rental Property Investor
  • Rockford, IL
702
Votes |
385
Posts

how networking led me to a million dollar private lender

Philip Williams
  • Rental Property Investor
  • Rockford, IL
Posted

I am sure you like most others on this site have been looking for the ever elusive private lender. Here is my story of how I found mine and hopefully it translates and leads others to the same success. I have listened to every episode of the bigger pockets podcast and have heard @Brandon Turner say about a thousand times, tell everyone you meet what you do. One of the reasons behind this is you never know  who is listening and is just waiting to invest with you if only they knew you were a real estate investor. One of my friends is an entrepreneur who has embarked on various different business ventures. While he was not a high net worth individual by any means he had the right mindset to be successful in the real estate world. So I did what any good friend would do I regaled him with the highs and lows of real estate we debated the merits of real estate versus owning other businesses such as restaurants or auto shops etc. This was solely to educate him and hopefully draw him into the investing world, little did I know a close friend of his had always been interested in real estate and he had unbeknownst to me been relaying the info I told him to his friend. Fast forward a couple years and he introduced the two of us and as they say the rest is history. I won't go into the exact details of our partnership, I will however say it was over a 7 figure investment that only came about because I had been talking about my investing to everyone that I met. Telling them the highs and lows and what my current and future business plans looked like. I hope this helps some of the newer investors, the ones who are still attending meetups taking people out to dinner and buying coffee in the end the hard work will pay off. 

Most Popular Reply

User Stats

385
Posts
702
Votes
Philip Williams
  • Rental Property Investor
  • Rockford, IL
702
Votes |
385
Posts
Philip Williams
  • Rental Property Investor
  • Rockford, IL
Replied

Thanks @Jay Hinrichs the most satisfying part I believe is the fact that certainly wasn't my purpose at all in talking to that individual. It shows how partners or lenders comes from places that you least expect. 

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