This is an article dedicated to those who want to become successful real estate investors. Whether you focus on fix and flip deals or cash flowing rental properties, you must have private money lenders to fund your acquisitions. In order to attract private money lenders you must be the type of investor who stops raising money but starts attracting it. The art of attracting money will reduce your need for a rehab loan or investment property mortgage.
By having private money lenders coming into your business I don’t mean that you go out and hold luncheonsor pitch your deals to just any Joe Shmoe out there, or just blindly sending out mail to doctors or attorneys. I want you to build a foundation first.
You must build a business that will allow you to attract money instead of selling the idea of your business. Direct mail and one on one meetings can work but what I want you to do is to become really good at building a foundational business, which is going to allow you to attract money into your world as opposed to raising money.
If this is a new concept for you, don’t worry. For most people it will go against their traditional ideas for raising private money lenders. Once you grasp it, you will be amazed at the results. You will soon realize that you have an attractive business model that can be a foundation for raising private money and building your credibility. You are an experts in your field and you can provide real value for your network of influence which includes private money lenders. We need to first become comfortable with this action or becoming an expert prior to having private money lenders come to your business.
You know rehab loan lenders or investment mortgage companies don’t really care about all of this. The strategies I am describing here will allow you to attract cheaper funds for your real estate deals as oppossed to the high fees associated with a rehab loan or an investment property mortgage. The goal is to allow them to understand what we do, to get to know us, to trust us, to like us so that they ultimately will be funding sources for us when we get good real estate deals. So you know there is a problem that most investors have, they try and pitch these things to investors or private money lenders on a one on one basis, or maybe they’ll pick up the phone and just try and call the doctors in town and dentists and CPAs. Hey, they don’t know you from Adam. But what you can do is you can build a foundational business which will allow you to attract private money into your business for real estate transactions. So here’s what I want you to do. I want you to go to attractprivatemoney.com right now. We have a video series which has seven tips and tricks on how to attract private money into your business. This is really great stuff guys. I hope this has helped.