BiggerPockets

Hi Ryan - it seems you are (literally) asking the million dollar question that is on every investors mind and agenda....

I paid good money to learn a system for marketing to potential private money investors.... and am happy to spill the beans a tad (after all it is a whole strategy in itself! Way too much to share in an email.)

You are on the right track:

First - I assume that you tell everyone you know that you are a successful real estate entrepreneur and that you get deals at almost 50 cents on the dollar and are always looking for people who want to make 9,10 or even 12% on their money. And I mean telling everyone, your friends, neighbors, your dr's, dentists, dry cleaners... everyone! Hand out your business cards that say such!

2nd: Direct mail. Buy a targeted demographics list from a list broker. Market to the list (I use postcards), give them a "free report on private lending" (you can write it yourself), once you have enough people interested hold an informational ONLY meeting. NO SELLING. Do not sell your company and what you will do. People don't like to be sold about their money like that. Just teach them what it means to be a private lender in general. If they are intrested in discovering more you will know. (Basically soft sell)

Having a business plan is a must. Good for you!

You will start to generate solid leads and folks who want to invest with you.

Since you are already successful as an investor - you will be able to show your track record -which should make it easier.

So there it is. That is my 3 minute version of the 2 day Raising Private Money workshop I had at my club in July. Sorry I cannot be more detailed. Bottom line, it is a whole marketing campaign that you must be on all the time... Talking to everyone and sending out direct marketing... Have a solid record. You will get the money. No doubt. I see it everyday. Almost every successful investor that I know is only using private money now.

Good luck to you! :wink:

Hello

Good info. I have taken the course a few years ago from the man himself. Mr. Richard Desich. Equity Trust in Elmira, OH. I have also been to a seminar where Vena Cox-Jones talks about raising private money.

I have a 3 fold self explanatory way of raising the money, and yes it does work.

Look at the market and the economy the only sure thing right now is REAL ESTATE. See real estate will be there for CASH FLOW and for Larger earnings in FLIPPING. I do not FLIP houses.

I teach my investors how not to FLIP houses. You make more money learning the game the right way. FLIPPING has gotten the market all turned upside down.

I have been raising private money for the passive investors who do not want to put there hands on it, they just want the return. It took a lot of hard work and HONESTY, INTEGRITY and EXPLAINING. But at the end of the day they came and we are conquering.

I love all the avenues that this business has to offer. But what I am afraid of is all the DISHONESTY, NON LOYALTY, and OVER INFLATED HOMES. See everyone is getting in now, but why. Is it for the enjoyment, to help someone else or is it a ALL OUT EMERGENCY that you find some CASH QUICKLY.

See if it is for any other reason that TRULY helping others then we are all in trouble. As we can see from the HIGHER UPS, CORRUPTION takes on any form that it can. I have seen to many people SCREWED by SO CALLED investors. We must get this thing right. America was built on Truth, Honesty and Faith.

PS. Some one need advice or to analyze deals, put them out there and if I see it I will definitely give you my honest opinion of it.

See I am DEBT FREE and owe no one. I have a mortgage on my primary residence, but I have never believed in owing someone. This is why I can be free to help like many need to be helped.