How to Get Private Money at Your REIA Meetings

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I recently shot a new video to help answer a question from one of our private money blueprint students. The video is over at our private money members site but is in the free section for right now. Check it out …

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Got a question from one of our private money students recently and wanted to share it with you …

Great question, Gene …

At my local REIA (real estate investment association) meeting, the group leader always asks if anyone has a deal they want to pass by the group … what a GREAT opportunity to present your deal to potential private money prospects.

For those of you that don’t already know, I’ve turned tons of people that I’ve met at my local REIA group into my private money lenders … even ones that are active investors themselves.

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Tags: borrow private money, Private Money, private money blue print, Private Money Blueprint, private money lending, Real Estate Investment Financing Strategies
Posted in Real Estate Investment Financing Strategies, Tips and Tricks | No Comments »

12 Must Know Tips to Getting Private Money

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Would it make a difference in your real estate investing business if you had an unlimited source of capital to fund your deals? Let’s just say you had access to a million dollars in private money at your disposal . . . what kind of profits could you turn that into by doing great real estate deals? How would that affect your lifestyle?

That’s now a reality for one of our students that joined our creative real estate investing coaching program a couple months back. And this kid is in his mid twenties! He just locked up access to a million dollar credit line from a private investor and is about to go gangbusters in his market down in Florida.

Anyway, let’s dive right in and get to the meat and potatoes . . . because that could just as easily have been you! You can have access to all the cash you need for your real estate deals . . .

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Tags: creative real estate investing, how to get private money, private investor, Private Lender, private lending, Private Money, Real Estate Investment Financing Strategies
Posted in Real Estate Investment Financing Strategies, Tips and Tricks | 7 Comments »

5 Questions You Should Be Asking Your Private Money Prospects

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Financing really seems to be a sticking point for many investors. We get tons of questions through the blog about financing strategies, but most of the questions center around getting private money.

Recently, I wrote an article about the 3 types of people most likely to invest with you and become your private lenders. Now that you know who you’re best private money prospects are, let’s go over exactly what you should be asking them.

The best way to turn a private money prospect into a client is by asking the right questions. Questions that elicit motivation, questions that uncover goals, and questions that make the prospect imagine themselves enjoying and benefiting from your investment program.

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Tags: creative real estate, private investor, Private Lender, Private Money, real estate investing, Real Estate Investing Financing Strategies, Real Estate Investment Financing Strategies
Posted in Negotiating, Real Estate Investment Financing Strategies, Tips and Tricks | 2 Comments »

Creative Real Estate Investing Questions from the Blog

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If you ever have a burning creative real estate investing question that you NEED answered, all you have to do is click the Ask the Expert link. Please don’t take offense if you send us a question, and we do not get back to you. Just submit it again. We get a ton of emails and do the best we can.

I thought I would answer a couple questions that have come in recently.  Sooooo, here we go . . .

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Hi Patrick,

I am here in Detroit, Michigan which is a potential goldmine. Houses that were selling 1 year ago for 100,000 or more are selling in some cases for $10,000 or less (in good neighborhoods). I have a lot of Customers that want to buy these houses but lack the cash to do so. We have a small but picky group of private investors my business partner found when I met him. I have been unsuccessful in finding investors of my own. What would be the best way to attract private investors in the above scenario? What do you think?

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Tags: creative real estate, creative real estate investing, Private Lender, Private Money, real estate investment financing, Real Estate Investment Financing Strategies
Posted in Real Estate Investment Financing Strategies | 1 Comment »