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Updated over 8 years ago on . Most recent reply

User Stats

100
Posts
34
Votes
William F.
  • Flipper/Rehabber
  • Tacoma, WA
34
Votes |
100
Posts

Other People's Money - the pitch

William F.
  • Flipper/Rehabber
  • Tacoma, WA
Posted
Good problems to have guys. I'm running out of my own money. I've gotta get someone else to start financing my profit machines. A couple options are seller financing, creating securities, private money (loans or equity) and hard money. 1. Even though I know the BENEFITS of these things, I don't know the ins-and-outs that might help reassure a seller or private lender. What's your solution? 2. Any good books on financing options? Intro-level books like Multi-Family Millions have options LISTED but without the nitty gritty. I want the nitty gritty. What are your thoughts?

Most Popular Reply

User Stats

42,688
Posts
62,860
Votes
Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
62,860
Votes |
42,688
Posts
Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

@Robert Shelton  I just love how all the guru's selling these systems were once broke and had no money only to rise up and become rich... LOL.

Private money is not that easy to get and you need no system.. if you truly want private money its about networking and knowing people with money in the first place.. If you don't its a pretty tough road.

I would for once like to see a Guru come out and say Hey I was not broke.. I actually was making big money and saw this opportunity to sell a system and make even bigger money selling this stuff then to actually have to do It... would be refreshing to have some honesty in the space.

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JLH Capital Partners

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