Looking back on all the private money deals I’ve done, I can’t tell you how many times I thought that I would have a “one-call close.” You know, where the potential investor calls you just after they have first learned about you, they’re hot to invest money and a check goes in the mail right ...…
Newspapers are old, stodgy and…still quite an expensive form of advertising. But, people still read newspapers. And perhaps more importantly, those in your “target market” for private money are probably newspaper readers (at least the Sunday paper). So… Should you ever advertise for private money using the newspaper? I think there are a few determining ...…
How I only wish every single private money deal went perfectly according to plan. Sometimes they do. Other times…well…let’s just say there’s a reason why they say “nail biter.” Today I want to share a negotiating tactic with you that has been successful for me. Like most things that work in business, it’s more simple ...…
“Joint venture” is probably one of the hottest and overused words in all of business. I’d like to shoot the person that invented the term. But it’s here with us to stay, so in that case, we might as well figure out a way to deal with it. It just seems like everywhere I turn ...…
One of the best ways you can profit handsomely from real estate investing is to set up private money partnerships. As I’ve said before, you should always look at two sides of the private money coin: lenders and equity investors. If you only think in terms of private lenders, you’ll be limiting yourself to only ...…
Did you know: Theodore Roosevelt was the only U.S. president to deliver an inaugural address without using the word “I”. Abraham Lincoln, Franklin D. Roosevelt and Dwight D. Eisenhower tied for second place, using “I” only once in their inaugural addresses. Why is this so interesting? Because it has a lot to do with how ...…
“Is that it?” Those aren’t the words you want to hear after you’ve just made your private money “pitch.” The words you want to hear are (in order) Can I write you a check right now? Is there any way you could take more money and invest it for me? Would it be Ok if ...…
“Adam, what’s the one way to get private money?” a man once asked me. I thought about it for a minute. Then, I thought about it for another minute. And then another. Until there was an uncomfortable silence in the room. Soon the man who asked the question cleared his throat: “uh-hm…”. This pulled my ...…
I’m going to take a little ‘time out’ today. What I want to focus on is: taking care of private investors once you have them. It’s very important that you do this the right way. In fact, it’s almost just as important what you do after a person places funds with you then what you ...…
Once you get bit by the private money ‘bug’ – there’s no turning back. Maybe it’s the goal of bigger profits. Maybe getting more respect and having every one of your offers or LOI’s taken seriously. Or, maybe…just maybe…you like the thought of not having to crawl on your hands and knees and hope and ...…