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Updated over 9 years ago on . Most recent reply

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14
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11
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William Boudle
  • Real Estate Agent
  • Rollinsford, NH
11
Votes |
14
Posts

What to ask/say to potential private investors?

William Boudle
  • Real Estate Agent
  • Rollinsford, NH
Posted

I am having coffee with a wealthy man who I know at least dabbles in REI as one source of income and was a successful business owner before retirement.

The meeting is under the premise of "picking his brain" for information/advice regarding my plans, in lieu of my providing him web design & marketing services for his retirement business. He offered to pay, I said I'd rather talk with him.

Does anyone have advice on things to ask/say without sounding sales-y or directly asking for anything. My goal is to open up a dialog for the future, be it for private money, mentoring, or real estate referrals from wealthy friends. (His retirement business is one that cost hundreds of thousands of dollars, so he makes contact with lots of other wealthy people)

Would it be too presumptuous to bring our business plan etc? 

Most Popular Reply

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677
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309
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Gilbert Dominguez
  • Investor
  • Chicago, IL
309
Votes |
677
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Gilbert Dominguez
  • Investor
  • Chicago, IL
Replied

@William Boudle

I would say this. During your first few meetings say nothing with regards to your real estate interest and certainly do not mention you are after obtaining money from him. Give your entire attention to his present business needs, show you concern for his business and interest in him personally. You want to establish a relationship. 

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