People tell me they’ll start their investing career when they have money.<\/p>\n
But who knows when that will happen?<\/p>\n
And so they wait. Or they’ll say they can’t see themselves putting a building under contract if they don’t already have the funds in the bank – who will take them seriously? Or how can they raise all of the money in time to close? And how can they get money from investors when they don’t have a building under contract?\u00a0It’s a catch 22, and so they’re stuck.<\/span><\/p>\n I\u2019d like to take these objections entirely off the table right now.<\/strong><\/p>\n The truth is, you don\u2019t need tons of your own money or good credit to get started with apartment building investing. The secret to getting started now is to raise money from private individuals. Here\u2019s why.<\/p>\n However, there are some disadvantages<\/em> to having investors:<\/p>\n All in all, though, the advantages of using other people\u2019s money far outweigh the disadvantages. This doesn’t mean you shouldn’t use as much creative financing as you can (especially seller financing). Bottom-line, if you get skilled at raising money from others <\/a>(like Donald Trump!), you can get started with real estate investing TODAY.<\/p>\n Thanks for reading, and let me know what you think!<\/p>\n Michael<\/p>\n P.S. You’re probably thinking, “OK, Michael, I can see your point, but how do I raise money from others?” Because this is such an important topic but not frequently talked about, over the next few weeks, I’d like to share with you some of my experiences with raising money and syndicating deals, and hopefully you’ll find that useful. Stay tuned! People tell me they’ll start their investing career when they have money. But who knows when that will happen? And so they wait. Or they’ll say they can’t see themselves […]<\/p>\n","protected":false},"author":1501,"featured_media":169969,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7403],"tags":[],"class_list":["post-51820","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-private-money"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/51820","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/1501"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=51820"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/51820\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/169969"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=51820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=51820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=51820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Raising Money From Private Individuals<\/h2>\n
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Disadvantages to having Investors<\/h2>\n
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\nPhoto Credit: ZachAncell<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"