Have you ever thought about trying to raise private money for real estate investing, but just didn't know where or how to start? This article is for you!
Imagine buying a great property with none of your own cash,
funding it with someone else's money, pulling up to 60% of your profits out in cash on the day you buy, collecting more cash when it’s occupied and then enjoying a predictable and reliable positive cash flow each month. Now imagine doing this… every month! That’s what you can do when you use advanced strategies for raising millions in private money for real estate investing.
The most important factor when you’re looking at getting started raising millions in private money for real estate investing, is to get started right and to get started right now— in that order. No one can MAKE you start raising millions is private money for real estate investing, but at least I can help you put together the plan to get started right by helping you find the money and find the time you already have right now to find it in.
If you’re looking at getting started raising millions in private money to fund your real estate investing, you want to make sure you can find the money and find the time needed to do it right.
Print this article out and honestly complete the exercise, and you’ll be on your way to doing just that!
First, you want to find the money.
Let’s help you to take stock of your existing financial resources. The answers to these questions will determine exactly what types of real estate investing you want to pursue.
Don’t worry, whether you’re a multimillionaire or middleclass, or even a homeless guy with no job, there are ways to build wealth in real estate—by raising millions in private money to use for your investing. But, before we get to that….Just answer these questions for yourself and you’ll be well on your way to determining the best way for financing your plan.
This first exercise will help you determine what kind of money you have on hand to invest in real estate. Where will any needed down payment money come from? What kind of financing can you get?
You may even realize one or two sources of cash you can tap that you might not have thought about using (these will be in addition to the strategies I’ll cover in raising millions in PRIVATE MONEY from other folks)
1. Personal Checking Account $__________________
2. Personal Savings Account $__________________
3. Pension/401k Fund (withdraw) $__________________
4. IRAs/Roths (withdraw/borrow) $__________________
5. Stocks/Bonds/Mutual Funds (sell) $__________________
6. Credit Card Total (cash advance) $__________________
7. Home Equity Lines of Credit $__________________
8. Friends & Family (who has money?) $__________________
9. Cash-Accrued Insurance Policy $__________________
10. Other Sources to Raise Capital $__________________
That’s your money and you should use it in addition to or before you worry about raising private money.
Raising private money comes down to building relationships with people who have money. And that takes TIME and trust! I can’t teach you how to build trust in a 500 word article. But I CAN help you find more time to do these things so that you can start your plan of raising millions in private money to fuel your real estate investing business.
So, secondly, you want to find the time. To learn how to do this, check out my article titled “Raise Millions in Private Money Part II” You can just search for it right here on the site, or through your favorite search engine.
