Why You Shouldn't Trust Your Banker as Far as You Can Throw Him
Wednesday, February 24
Wow. Even in our fast times of digital media and words at the speed of thought, a good old newspaper headline can still get your attention. More on that in a minute. First a frame of reference... Since I teach real estate investors and entrepreneurs how to raise capital from private individua...
Fear or Greed: Which One Works Better for Hooking Private Money?
Tuesday, February 23
It's no secret that fear and greed drive all investment decisions.Case in point: I met with a private investor of mine last week for a nice evening out. This gentleman has over $300k invested in my company and is a valued investor. Needless to say, I do as much as I can to make him comfortable wi...
Kicked in the Gut (and wallet) by Hard Money
Saturday, February 20
Hot off the presses! I just heard the most astounding thing: a very reliable source told me that hard money lenders have begun charging 10 points and 20% interest. Whoa... Guess it's time to be a hard money lender, right? Who doesn't want to make cheddar like that? Geez. I'm gonna kill my guidan...
Who is Private Money Public Enemy #1?
Thursday, February 18
Who is Private Money Public Enemy #1 With all of our connectedness in the world today (Facebook, Twitter, etc.) it's easy to fall into the "everybody's my friend" trap. Unfortunately, this is not true. In business, not everybody is your friend. The "no-brainerness" of this should be obvious, b...
When to Say "No" to Private Money
Wednesday, February 17
Gulp... I thought I was going to collapse. My knees went wobbly... Not good. I couldn't believe I was turning down a private investor. My eyes didn't blink for at least 5 minutes. And just like that, the meeting was over. What had I done?! Pangs of regret filled me. "That was real money," I thou...
Go Big When Raising Private Money
Tuesday, February 16
Raising money can be a tricky thing. All kinds of factors are in play. There are various levers to pull and buttons to push. One button that can and should be pushed is the "more money" button. Let me explain... Everything starts with mindset. You have two choices for how you operate yourself and...