BiggerPockets

My FAVORITE Halloween Treat - $200,000 in New Private Money!

Tuesday, November 01

I have to say I have come to REALLY like Halloween. The trick or treating with the kids is a blast, as several of us Dads walk with the kids and smoke cigars and shoot the breeze.
 
But the most fun part of Halloween the last few years has been raising private money.
 
No joke.
 
You see, my neighborhood is a lot like Stepford (read the book, skip the movies). It's hypersocial. There are far too many social activities that us husbands get dragged to. Halloween though is different. My buddy Frank who lives a couple of streets over has a gathering every year that started small but has grown to 40-50 people every year. He and his wife now take the day off and cook for it, and everyone brings something. And we all go back to Frank's after we're done walking with the kids trick or treating and sit around his outdoor fire pit.
 
Always a lot of fun as you can imagine.
 
Three years ago Halloween fell on a Saturday, so the gathering at Frank's was HUGE. I had just closed on first apartment building and a house a couple of days earlier, and a couple of folks that were there knew it. So of course they asked about it. In the middle of a crowd of 15 people.
 
To make a long story short, I sat there for an hour and answered questions on real estate investing. And one of the 15 was intrigued, and he chased after me for a month and a half until I found a rental house purchase that he could fund. He's been a consistent and reliable private investor ever since.
 
Last night's gathering at Frank's was really small. I counted 14 people when we stopped by with the kids trick or treating. I was literally there for five minutes when a neighbor arrived and came over to chat as I was leaving. He asked how my real estate was doing, then he asked how I was funding my new deals. I told him I was exclusively using private investors because of the credit markets. He asked what I was paying out as an interest rate. When I told him, he asked if I could use any more money because he had $200k that wasn't generating anywhere near the returns I was paying.
 
We're getting together for lunch this week to make it happen.
 
See why I LOVE Halloween? :))
 
This is all because I follow my Real Estate Private Money 101 playbook for attracting private money.
 
Step 1 is to focus on the people you know.
 
Step 2 is to expose the people you know to your business, but without selling them.
 
This is critical, because in general if you ever ask anyone directly for private money you will very likely turn them off permanently. The key is to attract Private Money - so that they offer it to you.
 
That's how I "raised" $200,000 last night.
 
And in fact that's how I raised every dime of private money that I have today. 
 
 
To celebrate I'm having a sale on my Real Estate Private Money 101 training program to get it into as many hands as I can. Private money is the lifeblood of real estate investing right now, and attracting it is a whole lot easier than you think. You just need the right approach.

 The regular price is $697. The sale price is $297 and it's good through midnight eastern time on Sunday, November 6th.

Get all the details here: http://www.realestateprivatemoney101.com/?page_id=328

The sale price will be shown in the shopping cart.

Comments

1. 

   Mike Morrison Reply
   7 months ago

   Dennis, sounds like you did get your Halloween Candy! Way to go!!

2. 

   Dennis Fassett Reply
   7 months ago

   Thanks Mike! It was sweeeet! :))

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