Archive for Private Money Equity
Mar
02
How I Stopped Getting Private Money Loans and Got More Private Money
Posted by: | CommentsWhen I first started raising money from private investors for my real estate investments, I thought pretty much like everyone else did. Private Money ‘Lenders.’
My pitch to prospective investors was in essence: “will you loan me money secured by real estate?
You’re probably familiar with this pitch.
Maybe you’ve used it.
Perhaps you’ve had success, perhaps not (at least yet).
One day I was reading a biography on Warren Buffett, billionaire investor and Chairman of Berkshire Hathaway. Buffett has generated returns in excess of 10% higher than the market for the past 45 years. When Buffett took control of Berkshire Hathaway in 1965, the share price was $20. Today the share price is $122,000. Hmm… Read More→