Raising Private Money in Real Estate Deals is a Skill and Not an Art

Stop me if you've heard this one before but realI know it's not an easy task and many times I cover
estate investing, in order to pay off big, requiresin my courses and boot camp workshops how to
some play money which must be equally big. This isfind private money investors and how to convince
the popularly accepted wisdom and it becomes thethem that you are the person they can trust to
stumbling block which stops many real estatemake their money grow. The first part is relatively
investors with the necessary drive and set of skillssimple. Private money can come from almost any
from even dipping their tow into the market.quarter. From friends who want to invest, from
The whole knack of real estate is that you, as thefamily members who have spare cash, from
investor, do not necessarily need to have a singlecolleagues, from recommendations and referrals,
penny to your name provided you have the skillsfrom business angels, from business contacts and
necessary to bring together the elements required tofrom business acquaintances.
close a successful, profitable sale and make moneyIdentifying who these people are, where they may
for others who do have it but do not possess yourbe and how to approach them is a matter of
skills.developing the necessary skills. I can tell you that you
These are private investors eager to get into theneither have to be as charismatic as JFK nor as holy
real estate market but baulking not at the costas Gandhi. You just need to know what to say and
involved but at their lack of knowledge and theirwhat skills set to present and then you'd be off and
inability to acquire it.running.
This is where you come in. I know from directThis way, raising money to fund your real estate
personal experience that there are many investor outinvestments will allow you to leap several steps in
there looking to connect and if you are new to theyour road to total financial independence. In the
business you need to work on two fronts. First youprocess you will generate wealth for many of the
need to actually attract private money and convinceprivate investors, create a name for yourself and
them that you are the right man for the job andmake your job of finding future opportunities that
second you need to work at closing deals andmuch easier. Not bad for learning a few skills, right?
creating a reputation.