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Deviare Harris
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Where to find private money investors/partners

Deviare Harris
Posted Nov 10 2022, 16:11

Hello everyone,

I'm fairly new to real-estate investing. I'm a truama RN looking to break out of the hourly pay and gain financial freedom through real estate. I have the drive and ability but i dont have the capital. I want to take action and get going rather that waiting years and years to start. I'm wondering if anyone may know of someone looking fund deals other than hard money lenders or a place to find them. I had no luck under the investment companies tab on BP so hoping this communinity can help out a young and hungry investor. 

Thank you all in advance.

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Taylor L.
  • Multifamily and Self Storage Investor
  • Richmond, VA
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Taylor L.
  • Multifamily and Self Storage Investor
  • Richmond, VA
Replied Nov 10 2022, 16:20

The first investors in my deals came through networking & building relationships at local real estate investing events. We ultimately built a track record and now investors come through networking, online events, thought leadership, and other ways.

Face to face networking is a great place to get started and a great way to grow.

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Will Fraser
  • Real Estate Broker
  • Salt Lake City, UT
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Will Fraser
  • Real Estate Broker
  • Salt Lake City, UT
Replied Nov 10 2022, 16:30

I'll second Taylor's experience above.  

I'll also add that there are many ways to find and fund deals, but usually you need one of those to get in the game.  As an RN you may be able to fund the purchase of your own home, especially using a low down payment loan that is only accessible to owner-occupants.

Do that. 

Then move.  On purpose.  1-2 years after buying it.  

Then repeat.

In between get really ridiculously good at finding deals and the combination of your own reps that slowly build up assets AND your tenacity and skill at finding deals will bring you into better and better opportunities.

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Kevin Woodard
  • Lender
  • Nationwide
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Kevin Woodard
  • Lender
  • Nationwide
Replied Nov 10 2022, 19:19

The thing about money, particularly the private money to take down real estate deals, is it’s all around you. Start developing what you’re looking for, then start to get an idea of what you need. I spent most of my summer in the hospital and came across a few nurses that are also investing. 
 
The other day at my local dentist the topic came up and we got to talking REI. He doesn't know much on the topic and we set up a follow up.

My point is there are people out there with money that do not know all the ways to acquire real estate, or why it’s even in their favor to acquire property. It just comes down to how you’re marketing yourself. 

Hope this helps, if you have any questions feel free to reach out. 

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Eliott Elias#2 All Forums Contributor
  • Investor
  • Austin, TX
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Eliott Elias#2 All Forums Contributor
  • Investor
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Replied Nov 10 2022, 20:13

Drive and ability is far more important than capital. If you find deals the capital will come

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Nate Sanow
  • I​nvestor & Agent
  • Tulsa, OK
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Nate Sanow
  • I​nvestor & Agent
  • Tulsa, OK
Replied Nov 21 2022, 19:51
Quote from @Eliott Elias:

Drive and ability is far more important than capital. If you find deals the capital will come


 This ^ is so true.  

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Eliott Elias#2 All Forums Contributor
  • Investor
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Eliott Elias#2 All Forums Contributor
  • Investor
  • Austin, TX
Replied Nov 21 2022, 20:11

If you're looking for private money you are looking for relationships to build. Private money lenders will lend to you if they believe in your ability and trust your track record 

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Nate Sanow
  • I​nvestor & Agent
  • Tulsa, OK
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Nate Sanow
  • I​nvestor & Agent
  • Tulsa, OK
Replied Nov 21 2022, 20:22

A few very friendly suggestions.  

1. Get a profile picture of your amazing smile, I’m not sure I’d partner if I wasn’t sure if the account / person was real, etc :) 

2. Focus on adding value, and building relationships.  A relationship can turn into a partnership, but without relationship the odds are lower of it happening.  

3. Find good deals.  @Eliott Elias hit this on the head, but, it really is everything. I just bought the book in the BP store on Raising Private Capital, and the author made some great points about how 1 person is a deal finder and another has capital, and how they both need each other….to think of people with capital as people who NEED deals might seem strange now, but it is not strange…getting good at finding deals is really the lifeblood of most REI business.

I wish you well on your journey. 

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Dave McIntyre
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  • Northern NJ
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Dave McIntyre
  • Investor
  • Northern NJ
Replied Dec 4 2022, 10:16

Hi Deviare,

In case it can help w/ your plans, you might also consider unsecured funding. Funds can be used for down payment or gap funding, as well as 100% funding of a purchase. 

Be happy to connect.

Best,

Dave

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Scott Mac
  • Austin, TX
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Scott Mac
  • Austin, TX
Replied Dec 4 2022, 10:49
Quote from @Deviare Harris:

Hello everyone,

I'm fairly new to real-estate investing. I'm a truama RN looking to break out of the hourly pay and gain financial freedom through real estate. I have the drive and ability but i dont have the capital. I want to take action and get going rather that waiting years and years to start. I'm wondering if anyone may know of someone looking fund deals other than hard money lenders or a place to find them. I had no luck under the investment companies tab on BP so hoping this communinity can help out a young and hungry investor. 

Thank you all in advance.


"Si Quaeris Peninsulam Amoenam Circumspice"

You are in Tacoma, and you are a Nurse. Nurses have to be smart and focused to get an RN.

The easiest ways  I can think of for you to find a money partner is, at your work they have these people called Doctors (MD's).

MD's once they have been practicing for several years start to be able to accumulate some cash that they can invest.

MD's who are specialists for many years might have even more money to invest.

They will have to trust you with money though
, which is different than trusting you with medical directions (which they do).

Do you seem trust able with money to yourself, because you will be the first person you will have to convince.

But know this, every person has a different risk amount they are comfortable with, and by asking around (you only need one interested party) you might find that person--or it could be a relative of someone you work with.

"Si Quaeris Peninsulam Amoenam Circumspice" (Do they still teach Latin in nursing school?)

Hard money Lender-- I will others who use these services discuss that...

Good Luck!


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Deviare Harris
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Deviare Harris
Replied Dec 8 2022, 13:27
Quote from @Scott Mac:
Quote from @Deviare Harris:

Hello everyone,

I'm fairly new to real-estate investing. I'm a truama RN looking to break out of the hourly pay and gain financial freedom through real estate. I have the drive and ability but i dont have the capital. I want to take action and get going rather that waiting years and years to start. I'm wondering if anyone may know of someone looking fund deals other than hard money lenders or a place to find them. I had no luck under the investment companies tab on BP so hoping this communinity can help out a young and hungry investor. 

Thank you all in advance.


"Si Quaeris Peninsulam Amoenam Circumspice"

You are in Tacoma, and you are a Nurse. Nurses have to be smart and focused to get an RN.

The easiest ways  I can think of for you to find a money partner is, at your work they have these people called Doctors (MD's).

MD's once they have been practicing for several years start to be able to accumulate some cash that they can invest.

MD's who are specialists for many years might have even more money to invest.

They will have to trust you with money though
, which is different than trusting you with medical directions (which they do).

Do you seem trust able with money to yourself, because you will be the first person you will have to convince.

But know this, every person has a different risk amount they are comfortable with, and by asking around (you only need one interested party) you might find that person--or it could be a relative of someone you work with.

"Si Quaeris Peninsulam Amoenam Circumspice" (Do they still teach Latin in nursing school?)

Hard money Lender-- I will others who use these services discuss that...

Good Luck!



Hi scott, this is actually one of the first places i looked. one of the problems with this is most nurses/doctors are work and retirement focused and rarely ever invest in anything other than the typical "safe" stocks and bonds/ IRA ect. I have met a few that invest heavily but not many. additionally one of the big issues is having the time to talk about any of these things at work due to patient care taking up 99% of the work day. However everyone that I work with knows my goals and I constantly make sure I stay top of mind for when they are ready to invest. thank you for your feedback, gives me more motivation !

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Katherine Earle
  • Rental Property Investor
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Katherine Earle
  • Rental Property Investor
  • Hart, MI
Replied Dec 15 2022, 01:12
Quote from @Deviare Harris:
Quote from @Scott Mac:
Quote from @Deviare Harris:

Hello everyone,

I'm fairly new to real-estate investing. I'm a truama RN looking to break out of the hourly pay and gain financial freedom through real estate. I have the drive and ability but i dont have the capital. I want to take action and get going rather that waiting years and years to start. I'm wondering if anyone may know of someone looking fund deals other than hard money lenders or a place to find them. I had no luck under the investment companies tab on BP so hoping this communinity can help out a young and hungry investor. 

Thank you all in advance.


"Si Quaeris Peninsulam Amoenam Circumspice"

You are in Tacoma, and you are a Nurse. Nurses have to be smart and focused to get an RN.

The easiest ways  I can think of for you to find a money partner is, at your work they have these people called Doctors (MD's).

MD's once they have been practicing for several years start to be able to accumulate some cash that they can invest.

MD's who are specialists for many years might have even more money to invest.

They will have to trust you with money though
, which is different than trusting you with medical directions (which they do).

Do you seem trust able with money to yourself, because you will be the first person you will have to convince.

But know this, every person has a different risk amount they are comfortable with, and by asking around (you only need one interested party) you might find that person--or it could be a relative of someone you work with.

"Si Quaeris Peninsulam Amoenam Circumspice" (Do they still teach Latin in nursing school?)

Hard money Lender-- I will others who use these services discuss that...

Good Luck!



Hi scott, this is actually one of the first places i looked. one of the problems with this is most nurses/doctors are work and retirement focused and rarely ever invest in anything other than the typical "safe" stocks and bonds/ IRA ect. I have met a few that invest heavily but not many. additionally one of the big issues is having the time to talk about any of these things at work due to patient care taking up 99% of the work day. However everyone that I work with knows my goals and I constantly make sure I stay top of mind for when they are ready to invest. thank you for your feedback, gives me more motivation !

So true! I have only met 1 out of my 20 years and 5 states, working in the hospital. Not that they aren’t there, but when I mention real estate, I get the crickets. Investing in Real estate is way too much hassle, far fetched, only for the rich, etc etc.

Real Estate Agent

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Replied Dec 16 2022, 14:20

I am a physician in Tacoma. I am primarily interested in being a limited partner in real estate syndication deals because I don't have the time to do the legwork of a general partner. As a limited parther, though, I am able to perform due diligence and evaluate operating memorandums that come my way and have enough information to decide where to put my cash. I have begun hunting for deals to invest in, particularly in the multifamily housing sector for now. My primary focus is on appreciation instead of cash flow.

I have been actively reaching out to different firms to add me to their pool of investors they advertise to when a deal comes up. It's tough work but you won't get anywhere if you don't reach out and start asking questions to people. The rest of the world is happy to just keep on keeping on without you!

There's a quote in the BP multifamily millionaire book that says "Dig your well before you're thirsty." Sound advice!

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Lucia Rushton
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Lucia Rushton
  • Realtor
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Replied Dec 17 2022, 08:06

@Deviare Harris where are based and or where do you want to invest ?

  • Real Estate Agent

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Deviare Harris
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Deviare Harris
Replied Dec 29 2022, 09:23
Quote from @Lucia Rushton:

@Deviare Harris where are based and or where do you want to invest ?


 I'm based in Spanaway Washington and id like to start in the PNW.

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Nathan Harden
  • Real Estate Agent
  • Puyallup, WA
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Nathan Harden
  • Real Estate Agent
  • Puyallup, WA
Replied Dec 29 2022, 17:13

What type of investment properties are you looking to obtain? Are you thinking about just staying in Pierce County? I know of some investment brokers that may be able to possibly help you out. Sent you a message!

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Nathan Harden
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Nathan Harden
  • Real Estate Agent
  • Puyallup, WA
Replied Jan 5 2023, 08:43

My first ever Private Money deal actually came from a relative. I knew that they had a Heloc pulled out on their primary residence, so I showed them the numbers of my deals, offered to pay off the Heloc payments each month and put a little money in their pocket.

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Brian Adams
  • Syndicator of Large Apartment Buildings
  • Glen Mills, PA
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Brian Adams
  • Syndicator of Large Apartment Buildings
  • Glen Mills, PA
Replied Jan 5 2023, 13:15

@Deviare Harris I raised $40 million in a month from private investors to buy a 1,000 unit apartment complex.

It took time to build my investor database. 

Networking is good...however, I discovered you don't always have to go out looking for investors.

You can also establish yourself as an expert and let the investors come to you. 

You may be surprised at how frequently people search for opportunities to invest their money in something lucrative, and establishing yourself as being able to provide such a valuable investment certainly gives you an advantage in being contacted by these people. 

Here are a few suggestions for getting your name out there:

  • Write Articles: One great way to get the word out about your real estate investing is to provide content in the form of articles. By writing about property investing, you can demonstrate your expertise in the field, thus helping to enhance your credibility with potential private investors.
  • Take time here on BP to write helpful content.
  • Create a Website: Most professionals today have their own websites. By placing information on your website regarding your business and property offerings, you will become much more credible to potential investors.

Make sure to include a form on your website for individuals to leave their name and email address in order to obtain more information on how to participate in your real estate investment deals.

  • Placing Advertisements: Placing ads can bring potential investors directly to you. It isn’t necessary to place large advertisements in national publications. Rather, small classified ads in your local newspaper or online publications will typically be enough to net you a number of leads. Offer them a free report on a specific topic as an incentive to contact you or to provide their email address.

Just be careful not to advertise a specific rate of return as this could get you into trouble with the Securities and Exchange Commission (SEC).

  • Start Your Own Group: Gain instant credibility by starting your own networking organization or local group through a service like Meetup.com. You will be able to control what content and information is shared with the group, and you could be deemed an expert in the field, which will help with your credibility.
  • Referrals and Word of Mouth: With all of the more technical forms of seeking information, it is sometimes easy to forget the most basic. The strongest form of advertising is referrals. People have always trusted the recommendations given to them by their friends, family, and other associates. This works in your favor: The more people you deliver your message to, the more likely they are to spread that message to their own network. Soon, you may find leads in very unexpected places.

If you have a private investor who likes working with you, be sure to ask if he or she knows of any others who may also be seeking an opportunity to earn a return.

Asking for an investor referral seems obvious to me now, but I was a bit nervous in the beginning to ask an investor for a referral. 

My ask now is "Hey Investor, I really enjoy working with you and I look forward to us doing many deals together. I am curious, do you know of anyone else that we can help with these types of deals?"

Every time I have asked this question to an investor, they go out of their way to direct prospective investors to me.

Deviare, raising private money will take work. But if you have the drive, you can raise all the private money you will ever need for your deals.

Good luck!!

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John Boutros
  • Investor
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John Boutros
  • Investor
Replied Jan 5 2023, 15:44
Quote from @Brian Adams:

@Deviare Harris I raised $40 million in a month from private investors to buy a 1,000 unit apartment complex.

It took time to build my investor database. 

Networking is good...however, I discovered you don't always have to go out looking for investors.

You can also establish yourself as an expert and let the investors come to you. 

You may be surprised at how frequently people search for opportunities to invest their money in something lucrative, and establishing yourself as being able to provide such a valuable investment certainly gives you an advantage in being contacted by these people. 

Here are a few suggestions for getting your name out there:

  • Write Articles: One great way to get the word out about your real estate investing is to provide content in the form of articles. By writing about property investing, you can demonstrate your expertise in the field, thus helping to enhance your credibility with potential private investors.
  • Take time here on BP to write helpful content.
  • Create a Website: Most professionals today have their own websites. By placing information on your website regarding your business and property offerings, you will become much more credible to potential investors.

Make sure to include a form on your website for individuals to leave their name and email address in order to obtain more information on how to participate in your real estate investment deals.

  • Placing Advertisements: Placing ads can bring potential investors directly to you. It isn’t necessary to place large advertisements in national publications. Rather, small classified ads in your local newspaper or online publications will typically be enough to net you a number of leads. Offer them a free report on a specific topic as an incentive to contact you or to provide their email address.

Just be careful not to advertise a specific rate of return as this could get you into trouble with the Securities and Exchange Commission (SEC).

  • Start Your Own Group: Gain instant credibility by starting your own networking organization or local group through a service like Meetup.com. You will be able to control what content and information is shared with the group, and you could be deemed an expert in the field, which will help with your credibility.
  • Referrals and Word of Mouth: With all of the more technical forms of seeking information, it is sometimes easy to forget the most basic. The strongest form of advertising is referrals. People have always trusted the recommendations given to them by their friends, family, and other associates. This works in your favor: The more people you deliver your message to, the more likely they are to spread that message to their own network. Soon, you may find leads in very unexpected places.

If you have a private investor who likes working with you, be sure to ask if he or she knows of any others who may also be seeking an opportunity to earn a return.

Asking for an investor referral seems obvious to me now, but I was a bit nervous in the beginning to ask an investor for a referral. 

My ask now is "Hey Investor, I really enjoy working with you and I look forward to us doing many deals together. I am curious, do you know of anyone else that we can help with these types of deals?"

Every time I have asked this question to an investor, they go out of their way to direct prospective investors to me.

Deviare, raising private money will take work. But if you have the drive, you can raise all the private money you will ever need for your deals.

Good luck!!


 Awesome post! This sums it up the best. 

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Marcela Hoag
  • Real Estate Broker
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Marcela Hoag
  • Real Estate Broker
  • Seattle, WA
Replied Jan 14 2023, 14:23

As many of the others here have suggested, networking is key. 

From my personal experience, building connections with people who aren't investors can also be beneficial. Lenders, agents, title companies, etc. will all have connections that you can use to get referrals. Sometimes you have to jump through a few hoops to get to who you want to talk to, but that will help you in the long run by creating symbiotic relationships with the people you meet along the way. For instance, lender knows an investor, you use that lender to help finance or refinance the deal. 

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Dan Golfand
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Dan Golfand
  • Investor
  • Boston Philly NJ, NY
Replied Jan 20 2023, 13:45

Google search is always a good start, and you can use "connected investor" they pair you with a few private / hard $ Lenders that match the criteria you fill out a questionnaire. Its good cause a few companies will call you and you can get a good feel for the rates and terms of the entire market. And best part Cix vetts the lenders 1st