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Updated over 3 years ago,
First private money experience
I’m at a point in my investing that in order to hit the goals I have set for myself I need to start bringing in outside capital. I’d like to start with private money as I have a lot of friends who have done well for themselves as well as family that may be willing to help.
I’ve realized the power of bringing in capital since day 1 and knew if I want to achieve my goals I would need to do it. However, I am getting hit with some limiting beliefs that are preventing me from even having these conversations.
I’m hoping those who have raised private money before would be willing to share their first experiences. What was it like to ask that first person? Who did you ask for your first deal? What was the outcome? What objections did you get? What value did the private investor get that was better than throwing it in the S and P index?
Thanks!