How to Turn Wannabe Real Estate Investors Into Private Money Lenders
Have you been to your local REIA (real estate investment association) meeting before? If so, how many of those people do you think are actually investing?
I’ve found that typically, the room is split 70/30 …
70 percent (and sometimes even as high as 80% or more ) are wannabe real estate investors … they’ve never done a deal and probably never will … and ONLY …
30 percent are active investors …
What is it that you, an active or soon to be active real estate investor, could offer to these wannabe investors?
If you said, “An easy hands-off real estate investing opportunity … an opportunity where you don’t have to deal with contractors, the headaches of property management, leaky roofs, clogged toilets, the hassles that can come with home ownership … and all you have to do is stroke a check …”
… then you understand what I’m talking about!!
You see … wannabe real estate investors are perfect prospects for private money. They’re already sold on real estate investing, they’re already seeking a way to make money in real estate … all you have to do is show them how they can become a real estate investor by simply lending you money.
Here’s a question we recently got from one of our Private Money Blueprint students on the subject …
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Patrick Riddle: