Raising Private Money & Building Credibility With Private Investors 1233
A lot of you how to find deals and buyers, but sometimes you need some private money to close on the deal. When I was getting started, having some money behind me gave me confidence when talking to sellers. Without it, you\u2019re faking it until you make it, which means you\u2019re playing a game and the buyer could wind up backing out. Here, Rick Howell joins me to talk about raising private money and how to build some credibility behind you. Rick got started in the middle of the housing crisis and finding private money was the key to success in his house flip business.
Rick and I talk about how to raise private money when you\u2019re just starting out and how you can use it to build and grow your own business. Rick shares how he sets up his deals and how he structures his paperwork. We also talk about mistakes to avoid when dealing with private money, rules for lending on a deal, and regulations you need to know. We wrap up by walking through Rick\u2019s credibility kit which you can use to make your deals a success. To grab your copy, head to JoeMcCall.com/Credibility.
What\u2019s Inside:
\u2014How private money helps you close deals.
\u2014Mistakes to avoid with private money deals.
\u2014A walk through of Rick\u2019s credibility map.