Comments on: How to Generate Private Money for Real Estate

By: G Hewitt

G Hewitt — Thu, 20 Aug 2009 18:22:23 +0000

Hard money lenders are definately a great way to go but you have to watch out for those interest rates and pre pay penalties. The best way to work with them is to make sure you make your money on the way in. In other words to do your research. You have to ensure that the property that your buying is way below market value before even considering asking for the loan.

By: MBC

MBC — Thu, 20 Aug 2009 13:46:04 +0000

Great article Ryan,
A great way to raise money and get investors, especially if your potential investors are family or friends, is to make a business plan to reiterate your professionalism.

By: Ryan Moeller

Ryan Moeller — Wed, 19 Aug 2009 16:33:28 +0000

Thanks Steve,
To answer your question I guess I should ask Where shouldn’t you start the search for private money? When you are starting out it is a numbers game. You want to get as many potential investors salivating over your tremendous opportunity then meet face to face, do a webinar of some kind or present to a group. Make sure you are following SEC rules. A few places to start are family, friends, colleagues and anyone who knows and TRUSTS you. Remember you are not asking them for a loan, you are offering them a tremendous opportunity to earn a great return on their money. Get referrals too. Do internet searches, try your REI club and any real estate professional or investor you can get your opportunity in front of. Trying 3 people is not the answer, but that is what most people do then give up. Best of luck Steve, let me know how it goes.

By: Steve

Steve — Wed, 19 Aug 2009 09:34:17 +0000

Where is the best place to start the search for private money? I’ve been successful in raising a bit, but would like more contacts?
.-= Steve´s last blog ..Mortgage Delinquency Rates Up =-.
BTW I love your blog!

By: FF

FF — Wed, 19 Aug 2009 07:07:09 +0000

I have my own view to generate private money for real state. I personally belive some rules such as …money is in flying condition and we have to catch it.Someone may think how silly is it.But it is true if we try hardly.And a simple line can change our life….
“A single idea can change your life”

By: Steve

Steve — Tue, 18 Aug 2009 17:59:22 +0000

Where is the best place to start the search for private money? I’ve been successful in raising a bit, but would like more contacts?