New Investor, $750K After First Meeting with Private Lender

[Stephen Glover]

Just had my first meeting with a private lender after we were connected by a mutual friend.  We got to know each other over the span of an hour, and I left the meeting with an understanding that he would be willing to finance up to $750K of his money at any given time on my real estate deals.

I'm new to investing and new to BP (although I've been learning from the podcast for some time now). I haven't been going to local REIA meetings and haven't been cold calling investors or offering to pay them to be my mentor :) NOTE: Not knocking REIA, I've registered for some upcoming meetups, but have been using my current network to this point.

My beginner advice to finding money-  Be genuine.  Build your relationships and reputation one friend at a time.  Look for ways to add value, and give back more than you receive.  People sense passion and they invest in it.

Meeting with this private lender has opened a lot of doors.  We are lining things up to begin with my first investment in January.