Private Money

[Dennis Johnson]

Hey group looking for insight to attract some private funding, I have a opportunity for a 200 unit.  Any with questions just ask away willing to share info.

[Matt Hummer]

I find that when I want something from someone (money for houses), if I make it as easy as possible for them to say yes, they generally do.  That means getting all my numbers in line, making sure I have answers to the commonly asked questions, brainstorming other less-commonly asked questions and finding answers for those, and generally having my stuff together.  General rule of thumb: When dealing with anyone in business, you should make it your goal to be more professional than they are.  You might not always succeed but it's a solid starting place.

If you can't thoroughly explain your answer to the question "Who are my customers and why will they buy from ME?", it means your model needs work.  In your position, your customers are basically every single person you deal with from investors to banks to the seller and the prospective buyers...You're selling something to everyone, whether it be a reason to lend you money, a reason to accept your offer, or even the property itself (in the case of the buyer).

Solid learning experience: Have your stuff together before you put yourself out there because people are serious with their money and they're going to tear you up if they think you're any less so.