Here are 5 tips to help you raise more private money for your real estate deals quickly:
1. Script, don’t sell. The harder you sell in your investor presentations, the more your potential investors will withdraw. Learn how to present so that it is virtually impossible for your investors to say no.
2. Recognize that your investors will ask you the same question in multiple ways. You have to know what you’re doing and you must answer each question with consistency.
3. Present a believable and professional investor package. Exactly how you package your deals will be the line between success and another frustrating meeting.
4. Know the nuances of the legal and tax aspects of your deal. You don’t need to be an attorney or CPA, but a ‘better than basic’ understanding of your deals structure goes a long way.
5. Determine what structure is right for you and your investors. Choosing between and then structuring the many ways to raise, fund and manage private money is critical to you raising as much money as you need. Notes & Deed of Trust, LLC’s, LLLP’s, Private Placement Memorandums, Regulation D 501, 504, 505 and 506 along with Hedge Fund Rules should all be considered. Choose the one that’s right for your deal.
Follow these 5 simple rules to raising private money and you will be successful in your venture.
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