private money

5 Solutions to the Most Common Mistakes When Raising Private Money

by Ryan Moeller | March 5, 2011

Raising money from strangers is not so simple, especially when you have to deal with SEC guidelines and a real estate market that has brought about countless negative media headlines. Despite the negative headlines, the real estate market is ripe with incredible deals – deals so good we will be talking about them for decades. Raising [...]

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Financing Real Estate

Working with Private Money Lenders: Possible Loan Term Options

by Shae Bynes | November 25, 2010

Earlier this week, my husband and I refinanced one of our rental properties working with a private money lender. It was the simplest transaction ever. Our private money lender is thrilled because she’s getting a fantastic return on her investment (using her self-directed IRA funds) and we’re happy because not only is she happy, but [...]

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Financing Real Estate

Self-directed IRAs: A Great Way To Retire via Real Estate Investing

by Shae Bynes | July 15, 2010

As my husband and I began focusing on finding private money lenders to fund our rental property acquisitions and speaking with these potential lenders about the benefits of using IRA funds, it became evident that this was something we’d want to do personally as part of our own retirement planning. Not only does it allow [...]

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Financing Real Estate

A Proven Way to Get Private Money for your Real Estate Deals

by Adam Davis | May 29, 2010

Ready for a shocker? “If you want to get private money, you must think raising it as a marketing process instead of a financing process.” I always get funny looks from people when I say this; like I told them a unicorn was grazing on their front lawn or something. Here’s what I mean… Basically, [...]

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Financing Real Estate

How to Handle the Biggest Private Money Objection You’ll Ever Face with 99.9% Success

by Adam Davis | April 10, 2010

If you’re at all serious about raising private money to buy real estate, this will be a very important message. Here’s why: the road to private money is paved with objections. That’s right – the better you can handle objections the more successful in getting private money you will be. [special note: this post is [...]

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Financing Real Estate

Here’s an Answer to a Major Burning Question When Dealing with Private Investors

by Adam Davis | March 13, 2010

Remember those 1980′s workout tapes? There would be a guy or girl on with leg warmers, Spandex, huge hair that would catch fire if it got close to something hot, a perma-smile and they were always encouraging you to “feel the burn!” (not that I ever worked out any of those tapes…) Often in a [...]

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Financing Real Estate

How to Haul in a Bigger Private Money ‘Catch’

by Adam Davis | February 27, 2010

Everybody needs a vacation right? A sabbatical. Time to get away. Let’s say you decide to go fishing. It’s fun, relaxing, outdoors — fresh air — Good. But you want to go somewhere new, somewhere exciting – you want to catch some fish! So, you look around at a map, throw a dart at a [...]

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Financing Real Estate

Two Magic Words to Cash in on Foreclosures: Private Money

by Adam Davis | February 13, 2010

The cat has been out of the bag for some time now. Surprise – we’re in the midst of what many experts call a “foreclosure crisis.” (thanks talking media heads). It’s as if some people are just waking up to the fact that the house down the street from them just sold at auction. For [...]

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Mortgages & Lending

How to Fund and Finance Your Real Estate Deals — Without Needing Tranquilizers!

by Peter Giardini | February 4, 2010

Last week I wrote about my discussions with a local loan officer for a small bank in my area. This article really touched a nerve not only with the number of comments but also with at least one of my clients. I sent a link to the article out to my clients to ensure they [...]

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Learn Real Estate

6 Tips for Investing in Tough Times

by Ryan Moeller | December 27, 2009

The current state of the economy has resulted in many challenges for Americans. Foreclosures are at record highs, unemployment is very high and we are in the worst recession since The Great Depression. Times are tough, but we must adapt. Savvy investors see this time as an opportunity to make some of the best investments [...]

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Financing Real Estate

How to Generate Private Money, Steps 5 & 6 of 6

by Ryan Moeller | September 15, 2009

Finding financing is one of the biggest challenges for most real estate investors. I previously wrote How to Generate Private Money, where I broke this process into six steps; here I will break down the 5th and 6th steps (See: Steps 1-2, Steps 3-4) of dealing with private lenders.

Step 5: Handle objections, ask for referrals

Goal: Overcome objections to optimize success and get referrals

Solution: Anticipate objections and have a solution to handle them. You will find that the same 2 or 3 objections come up 75% of the time and you have to be able to handle them. Common objections are: What if the deal flops, how is my investment secured, what is in it for me, why real estate, etc.

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Financing Real Estate

How to Generate Private Money: Steps 3 & 4 of 6

by Ryan Moeller | September 8, 2009

Finding financing is the biggest challenge for most investors. I previously wrote How to Generate Private Money, listing the 6 steps in brief. Over my next few posts I will break down each of these steps in detail; I will cover steps 3 & 4 today.

Step 3: Find a great deal, illustrate a win-win, the deal and the risk

Goal: Inform the potential investor about the deal, the risk and the opportunity

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Financing Real Estate

How to Generate Private Money: Steps 1 & 2 of 6

by Ryan Moeller | September 1, 2009

Step 1: Pitch your opportunity to everyone

Goal: Get face to face meetings, get referrals, lots of them!!

Solution: Use an effective elevator speech, get prospects salivating to learn more and get the meeting. Always ask for referrals.

Solution 2: Give out free quality information. Giving out free information via articles, seminars, conference calls, webinars, etc is a great idea as it will build credibility, people will come to you and it makes it much easier to build trust. Set up the meeting and ask for referrals.

Elevator Speech: An elevator speech is simply a 15-30 second speech that tells what you do, what is in it for an investor and gets them salivating to learn more or refer others who might be interested. You want them to ask questions, but do not under any circumstance answer them.

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Financing Real Estate

How to Generate Private Money for Real Estate

by Ryan Moeller | August 18, 2009

Let’s face it, money does not disappear, it changes hands. So where is it? There is so much money sitting on the sidelines or in investments making little or negative returns. Many of these individuals would love to have a double digit return backed by real estate.

For many investors, financing deals is the challenge. Here are some steps to get more Private Money then you could ever need.

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Financing Real Estate

Understanding Private Lending – Part 3: How to Find Private Lenders and Get Funded

by Justin Pierce | August 16, 2009

Oh have faith yea disciples of the deal; it is possible to find a lender who will loan every penny of the purchase price of a property. Just like it is possible to find a property that can be bought with no money down, but know that both endeavors can be laborious. Real estate is one of the few business games where the ante is affordable to anyone with a little gusto, and success is possible for those with a lot of diligence and perseverance.

Where to Find Private lenders

Classifieds advertising sites such as Craigslist.com. Look under services and financials.
Do an internet search using any search engine type in “hard money” or “private money loans” etc.
Check your local newspaper classifieds under money to lend or finance.
Go to your Real Estate Investment Groups meetings.
Patrol real estate investment websites like BiggerPockets.com
Network with other real estate investors to see who they use.
If all else fails you can even call mortgage brokers.

Researching Lenders

Search far and wide and you’ll find a couple of good private lenders. There are no certifying bodies for private money and there is no central association. Anyone with a lot of money can essentially lend it out, so sometimes you may run into a lender who is not legitimate.

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