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How to Get Private Lenders to Fund Real Estate Deals

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Learn How to Get Private Lenders to Fund Your Real Estate Deals

 

Do You Need Money For Real Estate Deals - Now Imagine Having A Endless Supply of Money at 50% the Cost of Hard Money Lenders and NO PERSONAL GUARANTEES

Private Lending For Real Estate Deals - Discover How To Get People And Not Banks To Fund Your Real Estate Deals And Watch Your Real Estate Business Explode!

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www.Private Lending Presentation Kit

How to Raise Private Funds for Real Estate Deals 

You Need Nothing Down and Your Credit Does Not Matter!!!!

"Do You Want People Giving You All the Money You Can Ever Use to Fund Your Real Estate Deals?"

Like many real estate investors, I started out investing in real estate using my own money and credit. This worked fine for the first few deals. But eventually, as I purchased 20 to 30 properties, my lender at the time, Washington Mutual, cut me off from further deals and my personal funds dried up. I had built up a great deal of real estate equity, but was locked out from doing other deals with my traditional lender and could barely pay for my own groceries.

I had to find another way to fund real estate deals or
my investing career was over.

This is when I discovered private lenders who have funds to lend for real estate deals, but do not want the headaches and paperwork to actually manage tenants or properties. These individuals are generally middle class people, like you and me, who have some extra funds to lend. They can be retired business people, corporate executives, professionals such as doctors, lawyers, or business owners or even blue collar workers all looking for returns substantially above the 3% to 5% they get at the banks.

Let me first explain my definition of "Private Money". Private money is funding that comes from private individuals, friends, family, IRA's or any source other than institutional or conventional means. It is sometimes referred to as "Hard Money" or "Flash Cash."


The question I had to figure out was, "How do I find enough of these folks to run an active real estate business buying 2 to 4 houses per month?" To address this issue, I developed a marketing plan that would allow these individuals to call me and raise their hand to indicate their interest in our lending program.

How Do I find Private Lenders?

Well, frankly, we advertise for them. It's as simple as that! Finding private money is not nearly as difficult as people think. My simple marketing plan includes many of the following activities:

Network with everyone you know and develop a 60 second "Elevator Speech":

"Are you getting a safe 9 to 12% return on your idle cash or retirement funds? No! Well, we buy houses and pay cash for each house and we use private lenders to fund our deals. We pay 9% to 12% on notes secured by local real estate. If you are not getting that type of predicable return on your money, I'll be glad to get you the details. We occasionally hold a free small luncheon, for potential investors, or I could also sit down with you at your convenience and show you how it works. If you like what you hear, simply let me know how much you're looking to invest and how long you can have your funds tied up. I'll put you on my list and look for an investment opportunity that meets your needs. When I find one, I will call you. At that time you can pass or play. There's no obligation."

Newspaper Ads such as

Private Money Needed, Earn 14% plus 5 points, Rental, 70% LTV $65,000 call xxx-xxx-xxxx

or

Mortgage Note for Sale: $190,000 1st mortgage at 9% with low LTV. Call xxx-xxx-xxxx for more info

REIA Newsletter and CraigList Ad:

PRIVATE LENDERS NEEDED - Earn 9% to 12% hassle free on your idle cash or retirement funds secured by local real estate. I'm a professional real estate investor with over 50 successful transactions completed since 1999. I am not a financial planner, but a full-time buyer and seller of single family homes. We use private funds to pay cash for our real estate purchases and can pay you 9% to 12% when you help us fund our purchases.

To learn more visit us at www.xxxxxxxxx.com or call me at xxx-xxx-xxxx. Invest by xxxx 31, 200x and earn a $1,000 bonus.

Flyers, Postcards, and Speeches/Presentations:

We also use flyers and postcards with a similar message using the above examples. Also, one of the best ways to get private lenders is to speak or present to groups. Senior citizen groups are always looking for presenters to attend their meetings and these people quite often have excess cash in CD's or IRA's that make them a natural lender.

Having private capital resources is critical to the success of the serious creative real estate entrepreneur. Even if you desire to use your own money, it never hurts to have another source or two available. If your funds are tied up, and a great deal comes along, you can immediately jump on it.

If you follow some or all of the above marketing suggestions, you will have people with money seeking you out to lend you money for your next deal.

I invite you to learn more about Private Money Lending and get my new FREE 20-page ebook titled "Discover the Secrets of How to Fund Your Real Estate Deals with Private Lenders!" by clicking here http://realestatewealthtoday.com/FREE-eBook.html .

Mike Lautensack is a full-time real estate entrepreneur in Philadelphia, PA and creator of the Private Lending Presentation Kit. This powerful done-for-you kit is loaded with tools and techniques to attract and develop a consistent stream of private investors into your real estate business. To learn more about this kit and receive
your FREE Real Estate Wealth Newsletter go to Private Lending Presentation Kit.

Real Estate Investing Tips On Finding Private Lenders 

Real Estate Investing Tips On Finding Private Lenders

http://www.freerealestatestrategies.com Lou Castillo Presents Real Estate Investment Tips With Today's Finding Private Lenders. See FreeRealEstateStrategies.com To Find Out More Information Now!

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The Do's and Don'ts of Private Lending 

Don'ts

Advertising on Craig List - I do not recommend that you advertise on Craig List. It is too public and there are state and federal watchdogs looking for people who may be violating securities rules. I have said on many occasions that I do not recommend any advertising that is on a national scale including your own web site. This kind of advertising will get you into trouble with securities regulators and may be considered a securities offering to the public.

I know this from personal experience. Several years ago a person responded to my Craig's List ad requesting information about my investment program. After several emails, the individual said he was ready to invest and I directed him to my title company to prepare the appropriate documents. Strangely, I never heard from the individual again after that.

A short time later, I received a "cease and desist" letter from the Pennsylvania Securities and Exchange. The letter had several direct quotes from the emails I had exchanged with this individual. The State did not fine me, but asked that I never advertise on Craig's List or on my web site. Needless to say, I am complying.

Guarantee - Do not use the word "guarantee" in any form in any of your advertising. Do not use the word "guarantee" or ever imply that somehow your investments are "guaranteed". This is a sure fire way of attracting the attention of the wrong people. You may say your investments are secured by real estate, which is accurate, but do not use the word guaranteed.

Do's

Schedule at least one breakfast meeting per week - This simple advice might be the best and almost certain way to attract large amounts of capital. Schedule a breakfast meeting every week with someone who has extra cash available and is interested in your lending program. You will not get everyone to invest, but the chances are you will get enough to support a reasonable real estate buying business. At these meetings, be sure to ask the person for the name of at least one other person they know who might be interested in your programs.

Hand out 5 to 10 business cards per week - Again, this simple but very powerful advice will ensure that you have plenty of people on your prospect list. These are the people you have breakfast meetings or schedule a group meeting with. Everyone you come in contact with may be a potential lender. Do not overlook people just because they do not fit the perfect profile. You would be shocked that people that you would never think of as investors may become one of your best clients.

Del Val Property Management

Please leave some feedback and help me improve our site! 

RyanRE wrote...

I like your private money lens Mike. You should add this lens to my Commercial Real Estate Group. http://www.squidoo.com/groups/commercial-real-estate

ReplyPosted October 23, 2008

The_Real_Estate_Informer wrote...

Nice lens, that book looks very interesting. I like your post on how to raise private funds, many good points. I would like to read more! thank you.

ReplyPosted September 04, 2008

Real_Estate_Mike wrote...

Mike Lautensack is a real estate entrepreneur in Philadelphia, Pa and the creator of the Private Lender PowerPoint Presentation Kit. This kit is loaded with tools and techniques to attract a consistent stream of private investors into your business. To learn www.RealEstateWealthToday.com.

ReplyPosted December 09, 2007

Real Estate Investing Tips 

Private Lending FREE eBook 

"You're About To Learn The Secrets That Most Real Estate Investors Will Never Know About How To Generate Massive Cash Flow As A Private Lender Without The Hassles Of Owning Real Estate"

Learn how to make money with other investors with little to no work
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Learn how to create enough passive income to cover your expenses

Click Here!

Please see other resources I provided to my students interested in learning how to invest in real estate 

Real Estate Wealth and Fee Info
The Private Lending PowerPoint Presentation Kit is an easy and affordable "Done For You" template for real estate entrepreneurs to CREATE YOUR OWN STREAM OF PRIVATE LENDERS GIVING YOU CASH will "exploded" and "catapult" your business
Real Estate Guru - Mike Lautensack
A guru is an established leader in the real estate field. The gurus with biographies on this site:

1) Have a proven track record
2) Actively practice and develop their real estate investing methods.
3)Have provided us with testimonials from their students to establish their loyalty retention and track record.
4)Maintain an online marketing presence and participate or perform at seminars regularly.
Private Lending Magic
Private Lending For Real Estate Deals - Discover How To Get People And Not Banks Fund Your Real Estate Deals And Watch Your Real Estate Business Explode!
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Del Val Property Managment
Del Val Property Management LLC is a FULL SERVICE residential property management company servi ng Philadelphia and western suburbs. We advise real estate investors how to build wealth and financial security through hassle-free ownership of investment real estate with our "Total Residential Property Management Program." This proven management system allows owners to enjoy the financial benefits of cash flow, tax savings, and wealth creation. All this while it GUARANTEES you will never receive a late night emergency call, deal with a lengthy eviction proceeding or ever have to interact with an irate tenant. ALL this for less than $3.48 per day!

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Real_Estate_Mike

About Real_Estate_Mike

My name is Mike Lautensack and I was a part time real estate investor up until 2005.  At that time, I became a full time real estate investor as well as started a full service property management company.


I began my business career very similar to many people working my way up through the corporate world and quickly realized that this was not the path to real wealth.


I started investing part time in real estate during 1999 as a way to generate additional sources of passive income. I started to realized that I really enjoyed being involved in real estate and wanted to pursue my new passion on a full time basis.


I am the owner of Real Estate Wealth Today.com which contains an enormous amount of information and advice on how real estate can be used to create wealth and monthly cash flow. You can also join our Real Estate Wealth Newsletter which is a free monthly newsletter that's jam-packed with all the hottest tips, tricks and info about real estate investing and Wealth creation.


I am also the President of Del Val Property Management, LLC Residential Property Management where we provide full service property management services for over 100 real estate investors.


I was recently added as one of the top 50 real estate Guru's by www.GureView.com - to see my to biograhy go to Gure View Mike Lautensack.


My best advice for the small investor is to focus on a small geographic area (less than 5 miles square) and get to know prices and rents in that area better than anyone so you are the "expert" in that area - my business really suffered until I  focused on two small towns and started to know them better than the sellers so I knew when we had a good deal. I believe that a combination of real world experience and reading material from investment experts are important parts of gaining knowledge in real estate investing.

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