Archive for General Solicitations
“Help! I Need Private Money…”
Posted by: | CommentsDoes this sound familiar at all to you? Maybe you’ve perused a few online forums or craigslist.org and saw some posts like:
“Need partners for real estate project – 25% ROI”
“Earn 10% secured return on your money”
Are you guilty of this yourself? If so, how are the results?
Do you get a lot of tire kickers? Spammers? Loan sharks?
I can’t think of many worse ways to get private money than to randomly post your deal online somewhere. Most of the websites that claim to match investors with projects are a waste of time. In theory they are good, but practically they won’t get it done for you in most cases (there are exceptions, but rare from what I’ve heard through many sources for REI private placements for SFH, multi-family, etc).
Why is it not a good idea to post your projects online and hope and pray for a response? Read More→
Advertising for Private Money is for the Birds…or Not
Posted by: | CommentsYou’ve got a great business set up. Deals are coming your way. A few choice big target properties are in your sights. They are all multi-million dollar deals. Now there is nothing standing between you and a nice steady stream of huge monthly cash flow…except the equity piece of the financing puzzle. You’ve determined you need to raise a few million bucks. Enter private money.
You’ve established a strong and compelling need for private investors. You’re considering setting up a limited liability company (LLC) or a limited partnership (LP) to bring your private investors in.
One question now becomes…
How to attract the private money investors to you?
You need to drum up some serious cash and you need to go beyond your existing base of family, friends and associates (where some of those sweet securities registration exemptions exist). What to do?
In this situation, real estate investors hungry for private money will consider advertising their opportunity to perhaps the broad general public (not usually a good idea) or a targeted group (a better idea). They might take out a place ad in a local newspaper or start running internet ads to drive traffic to their website. Sounds good on the surface, except… Read More→
