Tough Question from a Private Investor? That's a Good Thing
Tuesday, February 02
If you're ever faced with a tough question from a private investor - or even imagine one occurring in your mind - don't worry. It's a good thing. Tough questions from private money investors could be: "How do I know this will work?""What if you can't sell the property?""What if the property burns...
Need Credibility with Private Investors? Try Your Credit
Monday, February 01
Credibility is a key element in getting and using other people's money (OPM). If your investor doesn't perceive that you can do what you are proposing, they won't fork over the dough. If you establish strong credibility from the start, you'll have far few objections (if any) to overcome. There ar...
Rule #3 When Raising Private Money: Get More Than You Need
Sunday, January 31
When you are raising private money to buy real estate, you typically have a target number in mind for how much you need from investors. By performing a project budget and financial projections, you determine the right number. Perhaps you need $100,000 to buy and rehab a foreclosure house. Maybe y...
Margin of Safety and Private Investors
Sunday, January 31
In business and in life we have what I call direct and in-direct mentors. Direct mentors are those who mentor you one-on-one, you build relationships with them and they help you grow and guide you. In-direct mentors, on the other hand, are those who you emulate in business, mostly through reading...
Need Private Money? Consider Partnering Up
Saturday, January 30
As a real estate investor, it’s easy to get caught being a lone wolf. You have to look out for ‘number one’ in business at all times. Somebody always has their hand reaching for your wallet. However, it’s dangerous to become short sighted. After a few deals, it’s easy to think that you and only y...
How Well Do You Know Your Private Investors?
Thursday, January 28
It’s critical to know your private investor prospects if you want to market your opportunity effectively to them. Take this quick quiz to see how well you know and understand your prospects. If you can't answer these questions, how can you be sure that you are attracting the right people to inves...