How to Approach Warm Private Money Prospects

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Got an email from one of our readers . . . Dave . . . who is just getting started getting private money. He brought up a great question . . . he wanted to know the best way to introduce his investment program to warm prospects. Check his email out below:

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Patrick,

Hey! Hope all is going well . . . You’re beginning to resemble those gurus out there. (c’mon Dave . . . I’m just a regular guy remember : )

I had a question about initial introduction of the investment opportunity to the prospect. Do you prefer email or phone call? I’ve started to contact prospects and have received little response via email. (please note each email is sent individually to tailor toward each person, establish rapport, and reference our last pt of contact). These are not cold contacts, but individuals I already know.

Any advice? Thanks buddy.

-Dave

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Shot a quick video for you Dave . . . check it out below . . .

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Tags: creative financing, creative real estate investing, Private Money, private money lending, private money video, real estate investing video, real estate investment financing
Posted in Real Estate Investment Financing Strategies, Tips and Tricks | 4 Comments »

4th Type of Person Most Likely to Be a Private Lender

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In a previous article, I discussed the . . .

3 Types of People Most Likely to Invest with You

1) People that know and trust you

These are your long term relationships . . . friends, family, etc.

2) People that know a good deal when they see one

Could be anyone whose profession is related to the real estate industry . . . real estate agents, mortgage brokers, home inspectors, appraisers, etc.

3) People that know people who have given you private money

This one is pretty simple . . . referrals. This is your best source once you get people in your program that have benefited from being a private lender.

For more info, read the full article, 3 Types of People Most Likely to Invest with You.

And now for the . . .

4th Type of Person Most Likely to Give You Private Money

When I started combing through my list of private lenders that I’ve cultivated over the years, I started to see another pattern. Another type of individual that’s a good prospect for becoming a private lender.

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Tags: creative financing, creative real estate, Financing, private lending, Private Money, private money lenders, real estate investing, real estate investment financing
Posted in Real Estate Investment Financing Strategies | 2 Comments »

3 Types of People Most Likely to Invest with You

1 Comment »

Due to the results of the most recent poll on the blog, I wanted to write a quick post on financing strategies.

In today’s market, it seems like every investor is searching for creative financing solutions. Most traditional means and methods that investors have used to close deals have all but disappeared. Which leads us to a question that I am hearing more and more . . .

“What’s the best financing strategy to take advantage of the HUGE opportunity in today’s real estate market?”

If you were following along on the blog about a month ago, you know that we are big proponents to the power of using private investors. We did an entire video series on how to get private money. Below is a breakdown on who you should approach to become one of your private lenders.

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Tags: creative financing, creative real estate investing, Private Lender, private lending, Private Money, real estate financing strategies, real estate investment financing
Posted in Real Estate Investment Financing Strategies, Tips and Tricks | 1 Comment »