Epic Real Estate Investing - What No One Is Telling You About Raising Private Money for Real Estate Investing | 263

Episode Date: May 5, 2017

Financial Freedom Friday is back to show you how to get private money lenders and potential partners lining up at your door for a chance to lend you money for your deals. Discover your "unfair advantage" for finding private money lenders and follow these 5 Epic rules for obtaining private money for your real estate deals. ______   The free course is new and improved! To access to the two fastest and easiest strategies to a paycheck in real estate, go to FreeRealEstateInvestingCourse.com or text “FreeCourse” to 55678. What interests you most? • E.ducation • P.roperties • I.ncome • C.oaching Learn more about your ad choices. Visit megaphone.fm/adchoices

It's time for Financial Freedom Friday with Matt Terrio. Hi. You know, there are many educators and trainers out there that would love to teach you how to raise private money. And some of it's good advice, some of its great advice, some, uh, not so good. But regardless of whose advice you do take, none of it will work unless you follow these five rules. If you're a fan of the podcast, you've heard me say more than once that I have yet to

to use conventional financing in any of my real estate transactions. I've built a personal real estate portfolio just shy of 250 units without using one dime of my own money or one point of my own credit. I mean, primarily out of necessity in the beginning, but now out of preference. You see, putting private money to work is a lot easier than dealing with banks. And quite honestly, it's more fun. It's more fun to take people with you rather than an institution. to share in the success. So if that sounds like something you'd like to do, I mean, if you want to

dip into the private money sector to start building your real estate portfolio, there are some rules you're going to need to abide by. And if you abide by these, it's going to be very possible and probable for you. And these are hard and fast not to be broken for any reason-type rules, all right? One, ask your private money lender what kind of return they'd be open to. Don't offer a return. There are two reasons for this. One, if they aren't a savvy investor, The double-digit returns that you are capable of delivering can scare them and lead them to believe that you're representing a risky investment or one that's too good to be true. I mean, we hear that a lot.

Two, they may be and often are satisfied with much less than you think. Have confidence in the value that you bring to the table and give your private money lender what they ask for. If they ask for more than your deal can support, then just counter their request. Very simple. Two, honor your word. This means saying what you'll do and doing what you'll say. Translation, pay them what you owe them when you said you'd pay it.

By any means necessary. That's a very important one. Three, do not share your investment challenges with your private money lender. I mean, as long as they get paid, hey, they're happy. They don't need to know how tough it's been this month or how close you might have been to losing all of their money. None of their business. Just pay them. 4.

Asking for an extension is a last resort. I mean, you've got to creatively exhaust every single other option before you bring them into that conversation. Okay? Number five, the very second you know that you're going to break your word, initiate communication. You call them. I mean, we don't ever want this to happen, but sometimes it does. And if it happens to you, don't wait.

Don't stick your head in the sand and don't dodge their calls. I mean, as soon as you know, irrefutably, that you won't be able to be able to be able to make good on your word, you need to be honest about it with your lender. Waiting until the last minute, that's an absolute no-no. Keeping your word and being straight with your communication at the appropriate time is your unfair advantage in this business. You see, it's your unfair advantage because so few people operate that way. I mean, of course, there are a lot of good heart of people with the best of intentions out

there in the business and personal world. But for one reason or another, as hard as they may try, they just find it really difficult to keep their word. I mean, they'll fabricate a million excuses and they'll put off uncomfortable or downright scary conversations until the last moment, if not going to hiding to avoid them altogether. Which is, that's just all, it's unfair to all parties involved. You see, there are gargantuan rewards for people who conduct their business with integrity and transparency.

Do that and you'll have money partners for life. Don't? Well, private money won't be a part of your business for very long. Be a person of veracity. You'll like who you are and others will too. So those are the five rules of private money and I commend you for watching them all the way through. You know, raising money, it's the number one skill of an entrepreneur.

You want to learn as much about it as you possibly can. Because most people are afraid to raise private money because of the awkwardness of asking friends and asking family and associates for money. I mean, actually nobody really likes doing that. Nobody likes to beg and that's kind of how it works out. But there is another way, a way in which you can gain more credibility and gain respect from your friends, family, and associates and where you can find an endless audience of people with money that want to lend to or partner with you.

So you can close more and bigger deals whenever you want, at will. Is that something you might be interested in? I don't know. I mean, because it's not for everyone. I understand that too. I'm only sharing it with you because you prove to me that raising private money is important to you when you watch these five rules of private money in the same. their entirety. So why would I share this with you then? Why why I'd share this easier and

faster way? Well, you know, in my world it's just not cool to know something that would help somebody and then just, you know, keep it to yourself. So I share everything. I share everything I know about raising private money, everything that has enabled me to raise more than $10 million for my small little real estate investing company. And I share it at an epic three-day workshop that I call the Epic Intensive. Now, I can't go over a real estate investing company. And I share it at an epic three-day workshop that I call the epic intensive. Now, I can't go over everything right now. I mean, everything that we cover at the Epic Intensive, it is a three-day event. But one of the strategies I share gives money raising results really fast. And here's why. You see, we found with this commonly taught

technique out there, a lot of people teach this technique that most people put the horse before the cart of, you know, that makes sense with most things. But, but it's precisely why most people struggle with raising private money. The struggles of raising private money literally, they vanish with this technique of putting the cart before the horse. Yeah, the exact opposite of what you've been taught and what you've been told to do your entire life with darn your everything, right? Well, let me explain a little bit more about what's covered at the epic intensive. So the night before we kick off with a millionaire mixer, a very casual environment of food,

some drinks, some fun, and you know and rubbing elbows with seven-figure earners. Then first thing in the morning, we get up and we spend about an hour or so preparing for mass production and then we get right into the meat and then we stay there immersed in the meat for three full days. and we arm you with acquisition ammunition, motivated seller sniping strategies, under the radar deal reveals, ninja negotiating techniques, double barrel deal analysis, three different action-pack sessions on creative financing, and yes, raising private money. You're going to leave with 19 unique and effective approaches to making people with money,

want to give theirs to you. And then we wrap up with my team just lifting the proverbial hood, I guess you could say, so you can see how our automation and delegation engine run. our business, how it runs our business with or without us. And that's really just the tip of the iceberg of what you're going to get at the Epic Intensive. So I don't know, can you imagine what you're investing might look like when you have the ability to raise all the private money you want, anytime you want, or any time that you need to?

I mean, instantly. Well, go to Epicintensive.com, get all the details. And if it makes sense, reserve your seat. You know, I'm not sure at this point how many more seats are available. The event will sell out. It always does. So go check it out real quick, go see, and when you act right now, you'll also receive the Epic Fast formula, the formula that we use, to $10,000 in 30 days or less. And that alone right there, $997 value, and you get that for free.

It's a four-part video course that just, it gets all of the attendees on the same page, and gets them actually generating leads and some even do deals before the intensive ever arrives. So that everybody can bring their questions, they can bring their challenges to the event and we can eat them up for breakfast together. So, you know, I know when you click play, you weren't thinking about attending a live event maybe, but I'm curious. Now that we are here, what has opened up for you? What do you find most valuable? You know, I'm thinking now that you know the five rules of private money, it might make sense to get the rest of the information about the Epic Intensive so you can actually put those

rules to work for real. So go to Epicintensive.com for the details and reserve your seat. pricing does increase the closer that we get to capacity so you don't want to delay. All righty. So epicintensive.com. Hopefully I'll see you there. Take care. Simons has your holiday outfits sorted. Be ready to wow in a wardrobe designed to celebrate the season. Revel in luxurious velvet, shimmering satin, elegant silhouettes and sparkling details. Whether you're going full glam or keeping a casual, you're sure to shine bright in our festive party wear, no matter the dress code. Just RSVP yes, and let style.

carry you into the new year with Simons. Only 36% of Canadian organizations indicate that they have adequate cybersecurity staffing. Beat the odds with the industry leader in security operations, Arctic Wolf. Our fully managed solutions provide 24-7 monitoring of your networks,

endpoints, and cloud environments by their in-house security teams, plus the supercharged power of Alpha A.I. To help you detect, respond, and recover from modern cyber attacks. Visit arcticwolf.com backslash Spotify to learn more. This podcast is a part of the C-suite Radio Network. For more top business podcasts,

visit c-sweetradio.com.