OfflineDon't want to finance your deals through conventional lenders, banks, or other institutional lenders. Even though you may be financially able to borrow from banks, you prefer private lenders for many reasons; such as:
1. They will make loans on properties and projects that banks will not.
2. They are more aggressive and will fund deals much quicker than banks.
3. They will do small loans.
4. You will have more control with your project.
Now, how do we find these Private Lenders? They are everywhere, if you look around. Let's consider some of the sources.
1. Friends and relatives. You would probably be surprised at the number of people you know who would invest in IRAs, CDs, Money Markets, etc., and who have the funds in which to do it. Most of these people would like to have better returns on their money. So, if you can convince them that you can provide them with better and SAFER yields; some will be interested.
2. Professional people you know who may have funds available. Doctors, lawyers, dentists, CPAs, etc., usually earn very good incomes; however, most don't have time to personally pursue investing and therefore depend on other people, stockbrokers, etc. Again, if you can get their attention long enough to explain your program, some will be interested.
3. Newspaper ads - Look for ads such as: "Money To Loan". Also, you can place your own ads; for example: "Investor needed for local Real Estate Loans" or "Real Estate note For Sale - Excellent Return" NOTE: You may not have a note For Sale now, but your intention is to create one.
4. Talk to Title companies, attorneys who do Real Estate closings and CPAs who have investor clients for leads to Private Investors.
5. Join local Real Estate Investment Clubs and meet other people who are doing what you want to do. Investors also belong to these clubs.
6. Consider offering classes to Private Investors or "Would Be" Private Investors to explain your program.
NOTE: Be careful with any advertisement you may place in the newspaper. Do Not propose any specific yield in your ads. Do Not ever Guarantee anything in your ads.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
A lot of great advice.
But I bet there are about FIVE THOUSAND DGers waiting to see what DEAN will be offering, before they make a move.
Jim Kendrick
http://kendrickpropertymanagement.com/
http://rochesterapartmentrentals.com/?page_id=10
I STILL FIND IT VERY HARD TO GET MY FEET WET. I DONT SPEAK WELL WITH PEOPLE I DONT KNOW OR I CHOKE UP AND DONT SAY WHAT NEEDS TO BE SAID. IS THERE SOME TIPS ON HOW TO MAKE IT ALL GO AWAY SO I CAN GET STARTED AND WORK MY WAY TO THE TOP? I AM IN DEEP DEBT AND NEED OUT SOON SO I DONT LOSE IT ALL.. SEND SOME HELP MY WAY. THANKS, STANN
Stann,
You are feeling the same way as many others around you. When I coach students and I am standing right next to them and asking them to pick up the phone and make a call, the phone seems like it weighs 400 lbs. Once they pick up the phone and make their first call the next call comes easier and easier. (I promise)
I have students that make a mess of things and don’t ask the right questions, but it always seems to turn out just fine. I remind you as I do my students……what is the worst thing they will say to you? NO! Just move on to the next lender. Remember…..they do not know what you are supposed to say, so they have no idea if you asked the right questions. It gets easier and you will get better at asking the questions. Relax and let your thoughts flow and have your sheets in front of you and this will prompt you of things you should ask them. You must start somewhere……JUST DO IT!!!
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
Jim,
The ball is in your court, so don’t wait for others to do what you can be doing right now. There will be other methods that seem better, faster or easier, but nothing will work as good as the one you decide to sink your heart and soul into. Decide what you are going to do and “JUST DO IT”!!! DG may come out with other tactics, but if you are waiting for him or others then you may have to stay in your current situation or circumstance for longer than you want. You must choose right now, what you want and how bad do you want it. GOOD LUCK and CHOOSE WISLEY…….YOUR FUTURE DEPENDS ON IT!!!!
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
thanks for the info
regards
tom
cmitchell
I am doing things everyday,I just had my last rehab listed with my realtor,and yesterday I put an offer in on an REO.
I was not saying I was waiting for anything. I was just expressing my opinion about all the post that you coaches were putting on the site today.
Jim Kendrick
http://kendrickpropertymanagement.com/
http://rochesterapartmentrentals.com/?page_id=10
I didn’t mean to imply that you weren’t doing anything; my reply to you was meant to help others understand that their actions right now can make a huge difference for their future and not to wait for others. DO what you can now and with what you have.
You are making great progress and congrats on getting your rehab complete. These are huge accomplishments and you are a great example to others as they read your comments. I wish you and others a very successful 2011.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
Your last post would have been appreciated more if it had come 36 days ago.But thanks.
http://kendrickpropertymanagement.com/
http://rochesterapartmentrentals.com/?page_id=10
Your a good man Jim.....God Bless and Happy New Year!
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
We knew it all the time!
Always Looking to Acquire Houses | Always Looking to Amaze Investors