Comments on: How Do You Ask for Private Money?

By: patio seat cushions

patio seat cushions — Wed, 21 Jul 2010 18:43:50 +0000

But with the banks tighter than ever, investor loans a rare find, and hard money all but dried up, the clear choice for savvy investors who aren’t already cash rich is to find yourself a private investor funding to support your deal junkie habits. I agree completely. Thanks!

By: menambah tinggi badan

menambah tinggi badan — Mon, 26 Apr 2010 09:05:02 +0000

One of the shiniest silver linings of today’s real estate market is how there’s no shortage of incredible deals right now.

By: batu permata

batu permata — Sat, 10 Apr 2010 08:17:55 +0000

That’s right, I’m talking about average folks who have some extra money available and want something better to do with it than they’ve got going already. AKA “private money guys”.

By: glenda

glenda — Mon, 08 Feb 2010 18:18:00 +0000

Hi JP, my husband works for an apartment complex as a maintenance supervisor, the owner is part investor with the company, so its the first of many developments he and his partners will own. My question is this, my husband has worked for him for over 2 years, and has a great working relationship with him. My husband is the sole maintainence guy at present. Do you think his boss, would ever consider helping us finance an investment property to get started on the ground level, we are currently buying our home, so we do have some colleateral to speak of. We’ve been in our home for going on 18 yrs. and its a 30 yr. fixed. Bought at 51,000 estimated now at 150,000. needs some work, but mostly cosmetic. Just wanted your opinion of the chances of his boss, helping us get ahead, of course to be paid back over time. thanks again for all your expertise. glenda

Hi, Glenda – thanks for commenting!

Sounds like your husband has a solid relationship with the owner/part investor boss of his. And assuming his boss has some capital to invest (or access to it) then I’d say he’d be a perfect candidate for approaching as a potential private money guy or even partner. You won’t know until you ask. But assuming he’s got the access to capital, it all comes down to how good he feels about 1) your husband’s integrity, 2) his ability to follow a good plan, and 3) his relationship.

My advice is don’t be afraid to ask. Put together a summary of what you propose and tell him you’d like to run it by him and see what he thinks. Don’t act like you know more than you actually do…just be open, honest and authentic with him. Ask him for advice. If he says no, ask him to help you out by identifying specifically why, and what it would have taken to be a “yes” instead.

Does that make sense, Glenda?

…jp

By: peninggi badan

peninggi badan — Tue, 02 Feb 2010 11:55:08 +0000

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peninggi badan´s last blog ..FASTEP

By: Mike Lautensack

Mike Lautensack — Fri, 04 Dec 2009 01:05:41 +0000

Also remember that private money is a “relationaship” transaction adn you spend a lot time getting to kno the private kender and lettign them get to knwo you – skip this step and you are done

Thanks
Mike
Mike Lautensack´s last blog ..Discover How to Use Post-It Notes to Get Sellers Calling in Droves

By: Karl Schwartz

Karl Schwartz — Tue, 10 Nov 2009 04:00:05 +0000

Hey JP, I must say that I have heard you speak many times and I am impressed with your real estate acumen and your verbal clarity. I especially love how you subtly tie in humor with your messages and ads; very clever and entertaining. I respect your opinions and I reference this site anytime I am considering purchasing a program. Thanks for your unbiased opinions.

I’m speechless, Karl. Thank you so much. Very warmly received.

My best,

…jp

By: Roger

Roger — Mon, 09 Nov 2009 17:47:05 +0000

thanks for sharing this