Naked Lady Real Estate, The Bare Truth About Real Estate Investing

How do you raise private money for your deals?

JUST DO IT first of all.  Now I don't mean any disrespect to the members of my club and community - but I have to say that it's a tough nut to swallow when I get a call from an investor who has a deal and is wondering if I have any private money contacts.     This is just plain crazy unless they are planning on wholesaling the deal to me. 

Now I ask you - why would it be ok for me to do all the work on raising the money - by talking to people, sending out marketing, giving presentations and all the rest of the hard work, so that an investor can easily just call me up and ask if I know of any private lenders who would be interested in their deal?   Common guys -help me, help you...This is silliness.   After all - I am not a hard money lender. 

No my friends, in order for an investor to be successful in this market - you simply must must must learn how to raise private money.  

I had a private money mastermind group last night and the one thing that folks were doing successfully was talking to their warm leads.  Who are your warm leads?  All your friends and family and associates.

You need to talk to them about your deals and what you pay to a private lender.  Once you get good at this then you can start holding meetings.

If you don't think you have enough experience yet as an investor to show your track record to private lenders - then partner up with someone with experience for goodness sakes!  

Bottom line is - DO NOT, NOT go out and raise your own money for deals.  Don't give excuses that you don't know how, or that you don't have enough investing experience.  There is always a way to be successful!  You just have to do it!

Love you guys and don't mean to be harsh - but these are hard times and the best times to be an investor and there is no time for coddeling.

I am giving a presentation on How to be a Private Lender tonight in Culver City.  You are welcome to come on by and check it out!

RSVP HERE

Commercial Real Estate is going to be huge!

Hey everyone - I wanted to let you know that my real estate club meetings are this week and we are going to be learning about commercial real estate.  Why?  Because commerical real estate investing is going to be huge. There will be some excellent opportunites and frankly I'm looking forward it.  

The more I learn about commerical and the more I learn about the potential for what is coming - I get so excited.  My very good friend and new partner - Gary Haddock is going to be speaking.

I met Gary through my club and after getting to know Gary over the past 8 months, I have developed a new found love for commercial real estate, and creative real etate investing to boot!   Gary is one of the smartest and most experienced creative investors that I have met in my career as an investor!  And I have met a lot of people - so I don't say that lightly!  (Just take a look at his Bio below!)

His experience in both commerical and residential is emmence.  He has been a real estate investor for over 20 years and has gone through a couple of our "crashes".  Boy the stuff I have learned from him is priceless.  Just having daily conversations with him is like being with a real estate investing encyclopedia! 

Our first meeting with him will be at our February meeting! 

Wednesday - Anaheim meeting - February 11th
Thursday - Los Angeles meeting - February 12th
6:30 pm - Networking  -   7:30 pm - Meeting

For more information and location of meeting please visit our website!

www.nakedrealestateinvestorsclub.com

I hope to see you there!

 

To bulk REO or not to Bulk REO?

Well I haven't been writing as much as I would like, but the fact is, is that I have been extremely busy working on putting deals together and giving presentations on "how to be a private lender".  Here's the go:  I've been getting into raising private money more and more.  I want to get into the REO market and have no intention of using bank financing to do so.  I have partnered with a very experienced investor and we are creating an LLP right now. 

So - here we are - to bulk REO or not to Bulk REO?  That is the question.  Well - it depends. 

There are those who say - forgetta 'bout it.  Why? for a couple of reasons:

1.  Trying to put the Bulk deals together with the people who say they have the funds is like chasing feathers in the wind.  Those "big" deals don't seem to be happening.  A lot of hype. 

I think this has been true for a while now - however - it seems like I might be getting closer to these deals actually happening.  I will be able to let you know for sure over the next month or two. 

2.  Way too much work to get bulk deals.  Even if they can be "got" = there are too many houses, in too many areas, in too many states of repair, etc. 

I think this can be true to.  It just depends on how much work you are willing to take on.  I for one -  have taken a liking to putting the two parties together.  Those who have money and those who have the deals.

My bottom line for my personal investing business is to raise the money so that we can buy the REO's "individuallyally" (via MLS, Agents, Auctions). 

BUT - I like the idea of putting together those who have the money with those that have the deals!