I'm recently a day out of my 3 Day seminar with "Fortune Builders" and I'm trying to jump head first into this industry of real estate investing, wholesaling, and rehabbing. My biggest fear still is getting other people's money (OPM) and the actual negotiation of the deal since I'm the one without funding.. Can anyone help me with the butterflies or if you're in Vegas maybe we can meet up for lunch and you can run run it down for me.
No reason to be afraid of using other people's money, you just have to make sure that a) you're presenting them with something that is reliable and of benefit to them, and b) you're accurate with your presentation. It's ok not to be eloquent (I'm not); organization and integrity can take you a long way. Learn, study, trust in yourself and what you have to offer and you'll do fine.
Just remember that the other peoples money you use is doing what they want it to do and that is grow. Do you think those people would be happy just putting money into a savings account or a certificate and earning a whopping 1% and if the inflation rate is 3% They just set themselves up to lose 2%.
You can provide the opportunities for them to do what they are looking to do. One job of the wealthy is to maintain wealth by having their present wealth grow. They are doing me a favor when I use their money and I am returning the favor by providing a desired return on that money.
Exactly.. people arent getting the returns they like anymore in the stock market and they would rather get a guaranteed 10% return on hard money loans, even if its over the course of a year. @Michael Bradford
Really? Stock market has been quietly delivering strong returns for several years
Free eBook from BiggerPockets!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you
You must be a BiggerPockets member to post on the forums
Join the world's largest, most open Real Estate Investing Community online, 100% free forever!