637: Private Money Explained: 5 Simple Ways to Find Private Money Today (Part 2) w/Amy Mahjoory
BiggerPockets Real Estate Podcast
Shownotes Transcript
Most new investors don’t know how to find private money for real estate. They think private money is only reserved for those with a Rolodex full of rich or well-off business people, investors, or relatives. Using this line of thinking, most real estate investors will simply buy a deal, save up for years, and do it again. If you want to get on the fast track to a respectable real estate portfolio—private money is the way to go.
But you don’t have to take our word for it. Amy Mahjoory, private money expert, is back on part two of her financing and funding masterclass. Amy has grown her real estate portfolio quickly, thanks to private money. On just her second deal she was able to pay for a significant portion of the property using her private lender. Now, she urges investors, no matter their experience level, to do the same.
This time, Amy walks through five strategies that any investor can use to connect with private money lenders today. These strategies are simple—so simple that almost anyone can use them and find success quickly. They don’t require lots of money, time, or experience, but you need to be aware of them next time you’re in a perfect situation to make your pitch. Try these five strategies today, and you may see your inbox flooded with private money offers!
In This Episode We Cover
Why raising private money is easy when you’ve built the right systems and strategies
Referrals and why word-of-mouth is one of the most powerful marketing tactics
Connecting with non-real estate-related professionals to raise money
How one small “investment” in attending an event can open you up to dozens of lenders at once
Building an online presence so you’re known, liked, and trusted by a large community
Hosting and attending meetups, no matter the industry or your experience, to find private money
And So Much More!
Links from the Show
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Listen to Amy’s Part 1 Episode
Brandon Turner’s 4-Step “Viral” Formula That’ll Bring You Deals TODAY
Book Mentioned in the Show:
Raising Private Capital by Matt Faircloth
Connect with Amy:
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-637
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