How to Raise Money at 8% Interest with no points from Private Lenders!

I'm going to try and keep this simple.  I raise money at 8% interest no points for my deals.  How? First off, because that's the expectation that I set.  Think about it, how many people are out there that would just LOVE an 8% ROI on their money?  Would you want a secure 8% ROI on your money if it was in a good deal with a 1st lien position and it was short term? Most people would.  The first step is understanding that when you're "raising money" that you're actually "offering an opportunity"  and you're helping people that otherwise wouldn't get a good ROI.   If you're confident that you have a good deal, you should take the stand that you're not raising money but instead, you're offering an amazing opportunity! I give three hour presentations on "How to Raise Private Money" and when I ask the audience, "How many of you would love a 7-8% rate of return on your money secured by real-estate 80% of the room raises their hands!  So engrain it into your mind that you are not asking for money, you're offering an opportunity to people.  Obviously you have to present to them in a professional manner and know what the heck you're doing.  If you don't, well, game over!  Here are some steps to get started.

Step 1) Develop your Business Model (Who is your ideal seller, buyer, neighborhoods, etc)

Step 2) Build a Team (Leverage their experience, Realtor, Attorney, Contractors, Surveyor, Home Inspector, Environmental Contractor, Architect, Structural Engineer, Stage, Photographer, Title Company, etc)

Step 3) Understand your market like the back of your hand (Have a Realtor set you up on HOT SHEETS so you get automatic listings sent to your inbox and you can start getting a pulse on the market)

Step 3) Find a Deal (Package the deal and show supporting evidence that it's a good deal, get an appraisal if you have to) Include the following: Company Bio w/ your team members on it, Property Details, Property Tax Card, Scope of Work, Pictures/Video, Comparables, Financial Analysis, Due Diligence Items, and Contact Information.

Step 4) Find Private Lender Prospects- Sphere of influence, networking events, ask for referrals, ask CPA, ask attorney, etc. 

Step 5) Present Opportunity (Take them out to breakfast, lunch or dinner at their favorite restaurant and get to know them, let them get to know you and then set up a follow up appointment to show them a house when you have it Under Contract)

RESOURCE: CLICK HERE FOR A SAMPLE PROPERTY PACKET 

I used this packet and raised $150k from two lenders at 8% for this deal that I closed on last month in Feb. of 2015. 

Hope this helps you go out there and raise money for your deals! 

If you need hard money lenders to do a deal quick I know two great Hard Money Lenders too! http://GrandCoastCapital.com and http://www.AlphaFundingSolutions.com!