This is a subject I’ve wanted to tackle for quite a while…using the internet to get private money. For today, I’m going to leave out the legal “nitty gritty” – as that could take up a few pages in itself. Instead, I’m going to focus on the practical aspects of it. First, I need to ...…
Any serious real estate investor that has read the Rich Dad books by Robert Kiyosaki, or many of the other quality educational materials available on real estate investing – has probably noticed a recurring theme: Have a “Power Team” of professional advisors if you want to build a big, successful business. Robert Kiyosaki often talks ...…
“Pooling” private money gets a lot of buzz. Some of it is necessary, but some of it overkill. If you listen to some “experts” enough, you’d probably come to the conclusion that you should never bring more than one private investor in on a particular deal. In fact, if you listen to enough “experts” on ...…
Hot off the presses…a conversation I had with a prospective private money investor yesterday. Because I thought this could be pretty instructional, I wrote everything down right after I hung up the phone. Here’s the “meat and potatoes” of the conversation: Prospective investor (PI): “I’m a bit worried about the stock market, it’s gone down ...…
Seems pretty obvious to say: “people don’t know what they don’t know.” I think this is one of those statements that has eternal truth. When it comes to raising private money for real estate deals, I think it’s especially relevant. It wasn’t that long ago (at least it seems like it wasn’t that long ago) ...…