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Updated almost 11 years ago on . Most recent reply

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47
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Wesley Merriweather
  • Real Estate Investor
  • Sacramento, CA
1
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47
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How to approach the director of Housing Authority as a lead source and/or Funding Partner or Private Money Lender

Wesley Merriweather
  • Real Estate Investor
  • Sacramento, CA
Posted

Hey BP,

I have a question that I was hoping someone can shed some light on how to approach the Director of The Housing Authority. What questions would you ask as a newer investor working primarily as a wholesaler. Can there be any help that I may be able to receive from someone of this caliber or would they be best for possible mentor amd/or Private Money lending partner(if they have some cash to invest) or possibly a lead source for HUD Homes in the area?

I would appreciate some great approaches on how to work with this authority and making the most out of this connection?

FYI, I have a scheduled meeting with them and not a drop by so looking to be prepared in finding to best way to develop and utilize this resource.

Thanks in advance for your help!

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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
Replied

I was Commissioner of a large PHA here, the ED is a full time administrator of day to day operations, a Commissioner is much like the board of directors of management.

I'd say your approach is not a good one, if you went to my old ED you wouldn't get in his office, certainly couldn't get to me. Why? Your goal is backwards for one thing, you are wanting them to assist you, these are public service positions, not acting in a business environment.

The other issues are ethics, self dealing, sunshine laws and the appearance of impropriety!

Ask not what your country can do for you, ask what you can do for your country would be very applicable here.

There is a thread here "Profit in Non-Profits" should get you there. There are some tips in there as to working with a PHA and in community service. This will put you in a network that may advance your business. This is politics and public relations.

You can't just walk in and ask a government officer to feed you customers! :)

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