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Updated over 9 years ago on . Most recent reply

User Stats

34
Posts
9
Votes
Julece Glaum
  • Investor
  • Chicago, IL
9
Votes |
34
Posts

Finding private investors

Julece Glaum
  • Investor
  • Chicago, IL
Posted

Hi,

I'm new to the private investor idea.  I question how people are finding investors that are willing and able to invest, when friends and family can't help.  This has been difficult but like all things real estate, I think you just need to put in the work to get the results.  Any advice is appreciated.

Most Popular Reply

User Stats

1,870
Posts
777
Votes
Aaron Montague
  • Rental Property Investor
  • Brookline, MA
777
Votes |
1,870
Posts
Aaron Montague
  • Rental Property Investor
  • Brookline, MA
Replied

@Julece Glaum

Find a deal with promising returns.  This shows that you have some sort of clue about the type of investment you are looking at.  Bring that deal here to BP and have us put it through the wringer.  There aren't too many other resources on the planet that will give you level of insight the BPers can, and will!

Once you have a deal vetted, start talking to those same people again. It is quite easy to find people that will tell you why and how you are going to fail. If they have actual insight, listen to them. But more than likely they're going to tell you that REI is risky and you shouldn't do it. Those are the folks to ignore.

Bring your well thought out, vetted deals here to BP. Bring them to your local REI meet ups. Bring your deal to any one you know that is wealthy or makes a lot of money. Eventually someone will invest.

Bring some of your own money to the table.  It doesn't have to be half the deal, but 5k shows you are fairly confident.  

The basic concept behind raising money is this:

No one will give it to you when you need it.  Everyone wants to give it to you when you don't.

Happy Fundraising!

  • Aaron Montague
  • Loading replies...