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!
Let’s help you to take stock of your existing time usage. The answers to these questions will determine exactly what types of real estate investing you want to pursue and what things you may need to “give up” to implement your plan of raising millions in private money for investing.
Don’t worry,
whether you’re a busy entrepreneur or a regular working-man, have a family or just have many time commitments, there are ways to build wealth in real estate.
Just answer these questions for yourself and you’ll be well on your way to finding the time you need for your plan to get started now in real estate investing.
This second exercise will help you determine where your time is going each week, in some cases time spent on things you might possibly could do without— and will help you find time that you could likely be using to learn about and do real estate investments.
You may even realize one or two ways you spend more time than you thought, just by being honest here!
1. Watching television #hrs/wk: ______________________
2. Surfing the web (with no purpose) #hrs/wk: ______________________
3. Reading “fluff” (no educational value) #hrs/wk: ______________________
4. Sleeping more than 7 hours/night #hrs/wk: ______________________
5. Working (primary job/business) #hrs/wk: ______________________
6. Working (second job/profession) #hrs/wk: ______________________
7. Household chores (cooking, laundry etc) #hrs/wk: ______________________
8. Shopping for fun #hrs/wk: ______________________
9. Pursuing hobbies (non-investing) #hrs/wk: ______________________
10. Chatting on the phone/internet #hrs/wk: ______________________
If you’ve completed these simple exercises, congratulations!
Time and money might be the most wished-for things in the world, but few people ever take stock of what they already have (even those who wish for more, like folks who want to raise millions of dollars so they can invest in more real estate).
Whether you found more money than you thought you had, or more time than you realized you could use to invest and learn about investing, you’ve already discovered something powerful about yourself.
You’re a person who goes after what he/she wants.
Now that you have taken stock of your existing financial resources (see my article titled “Raise Million in Private Money Part I”), and existing time usage, you’re ready to get started raising millions in private money for your real estate investing.
You’ll also need to (if you’re not yet investing) need to now determine exactly what types of real estate investing you want to pursue, what techniques you want to use, where and how you want to invest, and what kind of investments make you most excited.
Trust me. If you have found the time and found the money you already have…you’re already half-way there to getting started raising millions in private money for your real estate investing.
Ready for the next step?
It involves showing others how to do the exercise you just did (you DID do the exercise, didn’t you?) to “find their own money” and then GIVING THEM A REASON to give you that money to invest!
I’ve got plenty of other articles on how to do just that and one you should read is titled “How to Find Investor Partners and Private Lenders for Your Real Estate Investing”. You can just search for it right here on the site, or through your favorite search engine. Find that article and read it next for the mechanics of FINDING and building RELATIONSHIPS with folks who can help you in your quest of raising millions in private money for your real estate investing.
