My private lender assures me I have unlimited funding for deals

[Mike Alder]

Hello BP Fam,

Yesterday I was personally delivering payments to my private lenders. I've always delivered payments to my local lenders in person partially because I'm crazy but I feel it's good business to thank investors in person for believing in your business decisions!

While making some small talk with my biggest investor about looking for more deals he gave me the "green light" to shop for more deals and jokingly said that he wants to see my debt to him grow much bigger.

If you are struggling to raise private money get extremely detailed on what you plan to do with your investors money and kick on doors till you get your first yes! Once you land your first investor treat them like gold and they will continue to invest in you. They will brag to their friends on the golf course about the nice passive returns they are earning by working with you and before you know it you will have access to more investor money then you will be able to invest. 

Just sharing some morning motivation. Hit me back and share your private money stories or questions

[Bernie Germani]

@Mike Alder Congratulations on your success with private money lenders, and yes treat them like gold as you said so eloquently the PML will brag to other people with money, then shortly you truly will have more money than deals. Our mindset should be that there are a lot of people out there with money who have set up a self directed IRA, they have liquidity, etc. and are around us daily, but we never have conversations with people, hang out at cigar shops, as their is money in those shops, if not there take up golf, go to country clubs, and sit in the lobby, surround your self with people who make more than you.

I want to leave everyone with a script I use daily(everywhere) with everyone, as you never know who your next lender is. Always listen to people speak, don't be so quick to speak, after you have asked what they do for a living, and then they ask you. ( You say) I put together lucrative real estate transactions so that my investment partners can make safe consistent profits. 

(qualify question) You do like real estate don't you? If not hey it was nice meeting you, have a great day, if yes, here is my card let's have coffee next week, I can explain in detail how your money is protected, and how you can continue making safe returns on your money. Call me Friday to schedule a time we can talk. ( always get their number) but thus far 93% of the time they call me.

Mike, and others another great idea we use is every single week do a video of the progression of the house to show your investor what has been accomplished. The other side of the coin if there is a challenge with the property ( you fired contractors, discrepancies, whatever always let the PML know as soon as possible, but have a solution for the complication.

John, hey this is Bernie we had to fire our 1st set of workers, because they stole material, but the good news is we have already replaced them, and we won't miss any progress.

It truly is not difficult to find money, we must change our mindset, and believe we are doing them the favor, not the other way around. I pray that helps you folks to take action