How to raise private money (without looking desperate)

[Mitchell Endicott]

We always see those RE influencers talking about using OPM (other people's money) to finance their properties when using the BRRRR method. But how would you even go about talking to someone about this? How do you find and ask people if they are wanting to invest with you without looking like you're begging for money? I'm sure there's a certain script you could follow, but you'd just come off as a salesman. I'm wondering how I could possibly make a connection with a private money lender without looking like some young guy after their money, especially if it is going to be my very first deal. I live in a wealthy area of Columbus and feel like I could be surrounded by potential private money, but have no idea how I could go about trying to raise it without looking like a desperate salesman trying to dig into their pockets.

[Chris Seveney]

@Mitchell Endicott

Actually it’s the opposite. You don’t have a script. Be yourself. When people ask what I do I tell them what I do and then ask them a question. Most people get wide eyed when hearing about real estate and want to know more. Tell them what you do and the deal your working on. In the deal you can say, yes we are in the process of reviewing this asset and figuring out funding because of the changes in the market.

I do not ask for money; I just tell people what we are doing and what we have going on