Demystifying the Private Money Process

November 9, 2008 | By | Reply More

Dymstifying the Private Money ProcessWell, this series has been a lot of fun. We’ve covered a ton of ground on getting private money lenders for your real estate investing deals. Soooooo, here’s the final video in our “Private Money Blueprint” video series. We wanted to put something together that outlined the entire process to help you get a good overview from start to finish. Trevor did a great job putting this together, and we hope this “demystifies” the process a little bit for you.

But, before we jump right in, let’s sum up what we’ve covered.

Bringing it All Together

  • Video 1 – Showed Case Studies of Real World Deals with Private Money
  • Video 2 – My Story, Why Private Money is so Vital Today, Advantages of Private Money
  • Video 3 – How to Set Rock Solid Private Lender Appointments
  • Video 4 – The Easy Process Using IRAs in Real Estate and 3 Ways of Pooling Investor Funds

Here’s What Trevor Goes over in Video 5:

The Process to Put Together a Private Money Deal

  • Step 1: Setting Up Your Real Estate Investing Business
  • Step 2: Start Networking and Spreading the Word
  • Step 3: Set Up Appointments and Present Your Opportunity
  • Step 4: Prepare Package for Potential Private Money Lenders
  • Step 5: Secure Loan, Negotiate Terms, and Draft Paperwork
  • Step 6: Close on the Property and Provide Lender Docs
  • Step 7: Do the Deal and Pay Your Lender on Time

Trevor also covers pooling investor funds through “syndicating,” how to use fractionalized notes, and ultimately, what private money means to your real estate investing business model.

Please send in your questions. We have done our best to cater these videos to answer what we’ve been asked so far. Feel free to ask in the comment area of this post.

Through doing this series, Trevor and I have realized what a high demand there is to learn how to get private money. We’re toying with the idea of putting together a mentoring program specifically catered to personally coach you through the process. Be on the lookout for more info soon.

To your success in getting all the private money you’ll ever need for your real estate investing business. Good luck and happy investing!

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Category: Real Estate Investment Financing Strategies

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