Tips on pitching properties to friends and family

[Nathan Hann]

Hi ya'll!

I just finished the book Raising Private Capital by Matt Faircloth. Since finishing it my wife and I have been working on a pitch for our friends and family, as Matt suggests, and I wanted to see if anyone here had any tips in this department. Before I read the book I had pitched a property to a friend and he respectfully passed. After reading the book I see where I faltered and, in my eyes, failed him on an opportunity that was a perfect fit for him.

What were some missteps ya'll made on your first, second, third, etc. pitch to a private lender? Is there anything you would highly recommend doing or showcasing in the pitch? Thanks in advance!

Nathan

[Landon Bleau]

Nathan, Brandon has mentioned quite a few times on the BP podcast of indirectly asking for funding. Ie, instead of "would you be willing to invest in xzy property?", phrase it as "you wouldn't happen to know anyone who would like to get in on a great investment I have lined up and get an incredible ROI would you?" The hope is obviously they're interested, but if not, they might actually know someone that would be interested!