How to Get More Private Money
This is the best time of the year to plant seeds for private money.
Between Thanksgiving and New Year’s Day, there are lots of opportunities to interact with folks that you may not see very much during the rest of the year.
Plus, everyone is more relaxed. They’re taking time off from work and socializing a lot more. This goes for work as well.
To plant a seed, when someone asks you what you’ve been up to, casually mention that you’re in real estate investing. What you’ll find is that when most folks hear that you’re doing something different, they’ll be curious to know more. So they’ll ask. Casually answer their questions, and when they stop asking, stop talking about it.
The important thing is, DO NOT jump down their throats and bombard them with what you’re doing. That will just turn them off. Also – never, ever, ask anyone for money. And I mean never.
I’m constantly surprised how many folks have approached me months later and asked to hear more about what I’m doing in real estate, even when they appeared only casually interested when I first brought it up.