Jul 30, 2020
Many new investors hit a wall thinking they can’t get any money for deals. A rough economy can have us believing that there’s absolutely no easy way to find private lenders.
When an economic disaster worsens, those with access to the deals hold a lot of the power and value. But going out and raising money actually becomes easier when we do the exact opposite of what we’ve been taught to do - Which has been to ask for money.
We just need to change our perspective on the process of raising and sourcing money. The real trick to raising massive amounts of money is to solve the other person's problem. If you solve their problem the money will flow to you. If you ask for money, the money will flow away from you. Become a problem solver.
How do we go about sourcing deals in this environment? What do we need to do so that we stop seeking money and start attracting it? In this episode, I share my methods for finding money for deals right now.
Three Things You’ll Learn In This
- What we can expect to happen to the economy
The economy is currently being propped up by the government-provided stimulus. This is not sustainable, and inevitably when all that money goes away, everything will crumble and the fear will set in. This means many people will be on the hunt for opportunities for a safe place to invest their money.
- How to create a cycle of trust to create repeat
If people trust us they will partner with us and provide money for deals. If we give them a return on their investment and return their original investment money, we will have a private lender we can now work with regularly.
- How to make money more easily
Asking for and seeking money puts us in a position of weakness. Instead lead with the value that the deal will bring your potential investors, and how the deal is a vehicle for them to get closer to their financial goals.
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