How to find Money Investors ? (Without Meetups)
Staten Island, NY · Member since 2019 · 25 posts · 6 votes
How to find Money Investors ? (Without Meetups)
Most Popular Reply
Specialist · Paradise Valley, AZ · Member since 2018 · 3k+ posts · 2k+ votes
7yOriginally posted by @Shannon Richardson:
Hello Everyone,
I am just getting started in REI and I am comfortable with most aspects and doing them quite well, however, I am just having trouble raising money for deals. I can't seem to come across investors or get in front of them to let them know what I do.
Everyone I speak to suggest going to REIA meetings or other meetups but the problem is I work 2 jobs from 5 am to 9 pm (kind of why I started doing this, to eventually get out of the rat race) so I don't have time for them. I am trying to think of ways I can find people this way I can create meeting times around my schedule and get more face to face time in.
If anyone has any creative solutions please let me know, I am willing to try anything at this point. BTW, at the morning job, I am always online so I am not limited in that sense.
Thank you in advance!
Your Comment: "I work 2 jobs from 5 am to 9 pm"
I'm not quite sure if you are braggin' or complainin'. You're working too hard to make any real money.
Seriously, if you have to do that to survive where you live, then move. (leave your relatives behind until you "make it") you can always visit and they don't see you anyway, you're working too hard.
Now, for the real estate investing side, you can join a service group and meets lots of people who have money that would like to invest with you, Kiwanas, Elks, Eagles, Chamber of Commerce, etc, etc doctors, dentists, other successful businessmen. Don't be talking about investing the first day, but over time as you get to know people and they ask what you do, you are an Investor. Not a "real estate investor" just an "Investor". Let them lead you in the conversation. The doors will open very wide.
It's a "people to people" business, being online doesn't raise funds for you.
17 Replies
- Specialist · Paradise Valley, AZ · Member since 2018 · 3k+ posts · 2k+ votes7y
Originally posted by @Shannon Richardson:
Hello Everyone,
I am just getting started in REI and I am comfortable with most aspects and doing them quite well, however, I am just having trouble raising money for deals. I can't seem to come across investors or get in front of them to let them know what I do.
Everyone I speak to suggest going to REIA meetings or other meetups but the problem is I work 2 jobs from 5 am to 9 pm (kind of why I started doing this, to eventually get out of the rat race) so I don't have time for them. I am trying to think of ways I can find people this way I can create meeting times around my schedule and get more face to face time in.
If anyone has any creative solutions please let me know, I am willing to try anything at this point. BTW, at the morning job, I am always online so I am not limited in that sense.
Thank you in advance!
Your Comment: "I work 2 jobs from 5 am to 9 pm"
I'm not quite sure if you are braggin' or complainin'. You're working too hard to make any real money.
Seriously, if you have to do that to survive where you live, then move. (leave your relatives behind until you "make it") you can always visit and they don't see you anyway, you're working too hard.
Now, for the real estate investing side, you can join a service group and meets lots of people who have money that would like to invest with you, Kiwanas, Elks, Eagles, Chamber of Commerce, etc, etc doctors, dentists, other successful businessmen. Don't be talking about investing the first day, but over time as you get to know people and they ask what you do, you are an Investor. Not a "real estate investor" just an "Investor". Let them lead you in the conversation. The doors will open very wide.
It's a "people to people" business, being online doesn't raise funds for you.
- Rental Property Investor · Glen Rock, NJ · Member since 2015 · 3k+ posts · 2k+ votes7y
Welcome to BP family! I agree with @Account Closed While it's Ok to have phone conversations, nothing will replace face to face. In general in order to find investors you need to show them you have experience. Once you have the track record that speaks for itself it will be easier to attract investors (even through public forums like BP).
- Member since 2018 · 83 posts · 66 votes7y
As @Account Closed suggested... you'll have to carve out the time, but if you can get involved in a club around an activity/cause you enjoy. Ideally, it would be a club that tends to include high-income and/or high-net-worth folks.
- Real Estate Broker · Washington, DC · Member since 2014 · 30 posts · 21 votes7y
Start your own Meetup.
You can organize the events around your own schedule.
- 7yDon KonipolBusiness MemberInvestor · The Woodlands TX / Avon, CT · Member since 2009 · 6k+ posts · 10k+ votes
@Shannon Richardson
Raising money without a provable track record of success is difficult, at best. Most start out doing small deals utilizing bank financing. If you don’t have funds for down payment on even a small property, then your options just got very limited.
- Rental Property Investor · Denver, CO · Member since 2018 · 183 posts · 172 votes7y
@Shannon Richardson welcome to BP.
Investor = People.
You need to be able to put yourself in a situation where you have access to more people, wether it's a meetup, mastermind, charity event, etc.
You work until 9pm, correct?
Let's think outside to box here.
9 pm in New York means it is 6 PM on the west coast. You both are getting off work at the same time.
You could create a digital meet up. Schedule it at 10 PM EST.
You'll soon have access to more people. Now they may not directly invest in your deals, but you'll have 'people equity' which will lead to more networks and more money.
or
Create a newsletter and tell everyone about all the deals your finding, but lacking the capital.
These are just two ideas, feel free to reach out if you'd like some more help.
- Rental Property Investor · Indianapolis, IN · Member since 2018 · 189 posts · 141 votes7y
@Shannon Richardson
I agree with Mike M. You need to cut your expenses so you dont have to work at your j.o.b. so much. So move, or get roommates, your going to have to make sacrifices to get started.
- Rental Property Investor · St. Paul, MN · Member since 2016 · 3k+ posts · 3k+ votes7y
@Shannon Richardson if you work 2 jobs, then start talking to the other co-workers at your 2 jobs about what you are doing. Maybe eventually quit one of the jobs so you can spend some time on RE investing. Find a house to flip or wholesale if you want some "quick" cash. That could be seed money to allow you to quit one job.
- Las Vegas, NV · Member since 2018 · 100 posts · 140 votes7y
@Shannon Richardson
Firstly I’m not knocking you for working long hours, and nobody should, fair play to you
But there is an element of truth in the statement “most people are too busy going to work , earning a living, to make any real money”
If you have the mindset, the brainpower to be your own boss, in whatever field you pursue, then working for someone else rots your soul, your brain won’t work at its best because it’s full of daily crap, for someone else, and all that entails.....
As for money, there is also a lot of truth in the reasoning that if you find the right deal, a good deal, that stacks up, then finding funds from a multitude of different financial avenues suddenly becomes a whole lot easier........simply because, the deal stacks up to any scrutiny, and your mind is working at its best !
- Staten Island, NY · Member since 2019 · 25 posts · 6 votes7y
Originally posted by @Account Closed:
Hello Everyone,
I am just getting started in REI and I am comfortable with most aspects and doing them quite well, however, I am just having trouble raising money for deals. I can't seem to come across investors or get in front of them to let them know what I do.
Everyone I speak to suggest going to REIA meetings or other meetups but the problem is I work 2 jobs from 5 am to 9 pm (kind of why I started doing this, to eventually get out of the rat race) so I don't have time for them. I am trying to think of ways I can find people this way I can create meeting times around my schedule and get more face to face time in.
If anyone has any creative solutions please let me know, I am willing to try anything at this point. BTW, at the morning job, I am always online so I am not limited in that sense.
Thank you in advance!
Your Comment: "I work 2 jobs from 5 am to 9 pm"
I'm not quite sure if you are braggin' or complainin'. You're working too hard to make any real money.
Seriously, if you have to do that to survive where you live, then move. (leave your relatives behind until you "make it") you can always visit and they don't see you anyway, you're working too hard.
Now, for the real estate investing side, you can join a service group and meets lots of people who have money that would like to invest with you, Kiwanas, Elks, Eagles, Chamber of Commerce, etc, etc doctors, dentists, other successful businessmen. Don't be talking about investing the first day, but over time as you get to know people and they ask what you do, you are an Investor. Not a "real estate investor" just an "Investor". Let them lead you in the conversation. The doors will open very wide.
It's a "people to people" business, being online doesn't raise funds for you.
Thank you so much, I have never thought of that. This is certainly something I will consider!
Also, I love the idea of expanding out more then just other REI and look for people with money in other aspects. Will start looking into this as well.
- Staten Island, NY · Member since 2019 · 25 posts · 6 votes7y
Originally posted by @Alina Trigub:
Welcome to BP family! I agree with @Account Closed While it's Ok to have phone conversations, nothing will replace face to face. In general in order to find investors you need to show them you have experience. Once you have the track record that speaks for itself it will be easier to attract investors (even through public forums like BP).
Noted! Thank you
- Staten Island, NY · Member since 2019 · 25 posts · 6 votes7y
Originally posted by @Account Closed:
As @Account Closed suggested... you'll have to carve out the time, but if you can get involved in a club around an activity/cause you enjoy. Ideally, it would be a club that tends to include high-income and/or high-net-worth folks.
Yes, I will start looking for clubs. Thank you for your feedback!
- Staten Island, NY · Member since 2019 · 25 posts · 6 votes7y
Originally posted by @Dean Hunter:
Start your own Meetup.
You can organize the events around your own schedule.
Was thinking about doing this. I am going to research more on how to go about it. Thank you!
- Staten Island, NY · Member since 2019 · 25 posts · 6 votes7y
Originally posted by @Don Konipol:
@Shannon Richardson
Raising money without a provable track record of success is difficult, at best. Most start out doing small deals utilizing bank financing. If you don’t have funds for down payment on even a small property, then your options just got very limited.
Thank you for the feedback
- Staten Island, NY · Member since 2019 · 25 posts · 6 votes7y
Originally posted by @Matthew Baltzell:
@Shannon Richardson welcome to BP.
Investor = People.
You need to be able to put yourself in a situation where you have access to more people, wether it's a meetup, mastermind, charity event, etc.
You work until 9pm, correct?
Let's think outside to box here.
9 pm in New York means it is 6 PM on the west coast. You both are getting off work at the same time.
You could create a digital meet up. Schedule it at 10 PM EST.
You'll soon have access to more people. Now they may not directly invest in your deals, but you'll have 'people equity' which will lead to more networks and more money.
or
Create a newsletter and tell everyone about all the deals your finding, but lacking the capital.
These are just two ideas, feel free to reach out if you'd like some more help.
Both of these ideas are amazing, Especially the newsletter one. I am going to start that tonight! Thank you for the very practical tips.
The west coast idea is actually very creative too, once I look into it and see how I can consistently find people and schedule meeting I will do that as well.
I will definitely be reaching out because I would love to talk more!
- Staten Island, NY · Member since 2019 · 25 posts · 6 votes7y
Originally posted by @Bryan Richardson:
@Shannon Richardson
I agree with Mike M. You need to cut your expenses so you dont have to work at your j.o.b. so much. So move, or get roommates, your going to have to make sacrifices to get started.
Thank you for your feedback!
- Staten Island, NY · Member since 2019 · 25 posts · 6 votes7y
Originally posted by @Todd Dexheimer:
@Shannon Richardson if you work 2 jobs, then start talking to the other co-workers at your 2 jobs about what you are doing. Maybe eventually quit one of the jobs so you can spend some time on RE investing. Find a house to flip or wholesale if you want some "quick" cash. That could be seed money to allow you to quit one job.
Hm, start utilizing my time at the jobs to find more like-minded people or see if they know someone who can help? That's a great idea and out of the box thinking. Thank you!
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