All Forum Posts by: Nathan Tabor

One of the hardest things people struggle with is raising money. Why? Simple. They are doing it WRONG!

Raising money from investors is VERY easy if you know how to do it. If I had a $1 for every time I’ve heard “well, I wish I could invest in real estate but I don’t have money and don’t know anyone with money” I would be filthy rich! 

Here are the 5 basic steps: 

First, you must define your niche and develop your business plan. This is your investor profile. 

Second, anytime you can share your niche with someone do it. Family, friends, coworkers, neighbors or anyone you come into contact with.

Third, share your business plan with them and the return you are offering.

Fourth, talking about a deal verses presenting a real deal is totally different. Find a real deal!

Fifth, learn the process of how someone can use their 401k, home equity, personal loan to get a higher return in real estate investing.

Yes, these are simple steps because raising money is simple. Think about this way. I have a 12-year-old daughter. She basically has me wrapped around her little finger except when money is involved. If she comes to me and asks for $20 dollars the answer is no. If she comes to me and says she needs $20 to purchase more thread to make friendship bracelets I don’t immediately say no. Why? Simple. Smart people don’t just blindly give away their money.

99.9% of unsuccessful real estate investors approach family, friends and others and say “hey, will you give me $20,000 so I can invest in real estate.” There is no plan, there is no determination.

99.9% of successful real estate investors raise money by approaching family, friends and others with a niche and written plan. 

Have you asked yourself “Should I become a real estate broker or a real estate flipper or both?”

People ask me all the time why I’m not a realestate broker. The answer is simple.

Brokers are required to disclose any and all information they know about the property. “ANY AND ALL”

When flipping a property, you will learn things about the property that will need to be fixed. As a broker you are required to disclose any and all information you know about the property. This creates many issues and it also opens you up personally to a lawsuit.

Can you do both? Yes.

Does it create issues? Possibly. In NC you are required by law to disclose ANY AND ALL information you know about the property.

My advice is very simple. Become an EXPERT at one thing and DOMINATE IT! OWN IT!

@Kyle Wenger I used laminate wood flooring for years but have switched over to vinyl plank flooring.  It's a bit more expensive up front but saves a ton of money in the long run. 

Not having a business plan is like taking a family vacation withoutmaking any plans. I don’t know of anyone who takes a vacation withoutplanning it but I know many, many business owners who don’t have abusiness plan. It’s just plain ridiculous!

If you don’t have a business plan my advice to stop everything you are doing and develop one immediately!

A business plan is your official roadmap. It establishes your niche. This single document is your greatest asset in securing an investor or bankfinancing. You need to spend a great amount of time, thought, and research while writing your business plan. Then you’ll need to work hard torefine it… and then refine it again.

The result should be that anyone should be able to read your business plan in about 10 minutes and know exactly what you want to accomplishand how you plan to get there.