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It OVER!!!! - http://www.dealmakerscafe.com Forums

Original message

Dealmaker
Moderator

"It OVER!!!!" , Thu 4 Jan 08:25

Okay Dealmakers, the holidays are over and the Bowl games have ended. Let's get back to what we do best!!

I have made several deals in December and expect a lot more in January due to the average consumers' economic position.

TIP: NOW is the time to seek out Money Partners. The markets are very unstable and Interest rates were cut yesterday. Send out at least 50 letters in January to potential Money Partners. There's a lot of money out there looking for a better return - OFFER IT!!

Dealmaker

Replies:

Manneke

"Re(1):It OVER!!!!" , Thu 4 Jan 09:04

Any suggestions on how to come up with a viable mailing list for letters?

wgreau

"Re(2):It OVER!!!!" , Thu 4 Jan 13:07

It would seem that getting names from your yellow pages of Doctors, Dentists, Chiropractors, Financial Planners, Attorneys and any professional people that likely have money they would like to have p***ively earning a higher yield....and if they have IRA's they could do so tax-free. By transferring money from traditional IRA's into a self-directed Roth IRA they can invest the money with you and return it into the RIRA tax-free, as I understand it.
Doing what Matt is referring to is one of my goals for this month. The part that makes me nervous is how I go about selling myself as a worthwhile investment. How do I put it on paper for a presentation that will attract interest. How do I address the level of my experience and what (if any) examples do I have to offer in the way of properties done? If one is fairly new at this...how do they convince an investor they are competent?

William Columbus OH

Chuck Sayre

"Re(3):It OVER!!!!" , Fri 5 Jan 19:48

Good advice from the other posts...here's what has worked for me.
When you first approach a potential investor do so in a non threatening what if approach before you actually approach them with a deal. Example- tell them this is what I do,this is how you profit ,this is how you are protected in the deal,ask them does this sound interesting ?...of course you ad the specifics of your business plan. Tell them you'll give them a call when the next opportunity is available. When you find the next deal you call them and fill in the blanks of the what if scenario with real numbers and put the deal together. Then you proceed to make them money. After they see the profits they will be hooked. I strongly believe that you should spend the majority of your time finding the deals and getting them under contract...if you can find the money making deals you can find the money to put it together. As far as the confidence factor...study,ask lots of questions on this board, and do the deals.Chances are you are more knowledgable about real estate than most of your money sources...if not , Fake it Till you Make It ! Good luck ! Sorry I was a little long.

Chuck-WV
1-800-926-3699 Ext. 285
On The Beautiful Ohio River

Joe Arlt

"Approaching Investors" , Thu 4 Jan 19:35

William:

Put something together that looks a lot like your normal business plan. Put in deals you've done, and if not that many, you can put in ones that "got away" to show what you could have done.

When dealing with investors, I've noticed that they do not expect perfection. And they are comfortable with some risk. They just want to know that you have the competence and integrity to do the deal properly. I know it can be daunting to talk with some wealthy, middle aged doctor who's as old as your father. Who are we to ask for their money, right. Having a conscience is important, but don't let it get in the way of doing what you know is right. Here's what I did that solved this problem and gave me tons of confidence. I took a vow that with all dealings with investors, I would always invest, manage, and spend their money as if it were my own. Period. No matter what.

I teach this exact exercise at John Burley's bootcamps. I make everyone stand up and raise their right hands and repeat after me. We make a bit of a joke out of it, but it works! Try it yourself. If you really believe and follow the vow (and I definitely do) you'll gain a lot of confidence from it. So then, why should you feel strange about asking for investment capital? You're competent and honest. What else could they ask for?

Joe Arlt
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