Have you ever driven by a vacant piece of land or a beat-up house that looked like a great deal? Do you find yourself always saying to the windshield in your car, “I need an investor! Who do I know that has money? We could make a mint!”
You may know one or two people. But you may not know the right way to approach them.
If you learn and use the steps that I’m about to show you, you’ll know how to ask for real estate funding from private money investors legally. You’ll be able to bid on more income property. Have funds to make the necessary improvements, then eventually sell for a profit or keep them for monthly income.
The best way to ask private money investors for real estate funding is to already have a relationship with them.
It turns out, according to the United States Securities and Exchange, you just can’t post Craigslist ads asking people for money for your deals. The trick is to figure out how to build relationships with private lenders so you can legally ask them for private money without being fined and losing any of your professional licenses.
The government has placed federal guidelines on how to ask for money. If you cross the line, like the board game called Monopoly, you might go right to jail.
Here’s your action plan to legally start asking private money lenders for funding – so you can increase your network, attract influential people and increase your income:
- Visit Sec.gov click the search link in the upper right corner.
- In the Search SEC Documents field type in the term, “Regulation D Offerings”
- Study all the exemptions like your going to law school because they may protect you from going to jail.
Do this routine every day for 5 days, then discuss your findings with a attorney who is a member of your local investing association like the Arizona Real Estate Investors Association. SEC Violations are very serious. Doing your research up-front will set you on the right path for long-term success.
Here’s what to do RIGHT NOW to make sure that you know how to ask private money lenders for real estate funding… so you can start doing what it takes to place more offers on income properties, increase their value, sell them for a profit or keep them so you can live the life you want to live.
Write down the names of everyone you know who has money, in specific detail. Don’t ask them for money. Ask them to review the information you gathered regarding SEC ruling Regulation D. Then ask them if they would refer you to a tax attorney or CPA who might know people interested in making passive income without dealing with contractors or real estate agents.
However, If no one comes to mind, you can always learn how to attract investors to you. Check out Patrick Riddle’s Private Money Blueprint on Demand he offers some great tips on how to use government records to find real lenders for real estate funding.