1. PR Log - Global Press Release Distribution
So what is a private or angel investor? If you are looking for Money, then read this!
By Mid-America Association of Real Estate Investors
Dated: Jan 18, 2010
“Can you tell me where I can find a Private Investors?”
I get calls on a very regular basis , as a leader of a real estate investment association in Kansas City and an
investor who does a bit of marketing for private lenders, from people who want to know
“Can you tell me where I can find a Private Investors?”
Sorry to say, but Private Lenders, Private Investors, Angel Investors, Silent Partners or whatever you want
to call them are not out there advertising for people to lend money. The people who do that are called
BANKS or maybe Hedge funds. And you can’t call up a local investor or association to find out who the
private people would be, or then they would not be private You might consider asking them about a rehab
loan company.
If you are looking for a company that offers funds for investing commercially, you might do an internet
search online for a few terms like:
•Transactional Funding
•Hard Money Loans
•Rehab Lenders
There are a few companies or rather web sites out there that are go betweens for angel investors, but I have
not found them to be very effective. They call this peer to peer lending and that is a topic for another
article.
But if you are looking for that true, private investor, they don’t just fall into your lap, you have to do a bit
of work to find them, to win them over, and then set up a deal with them.
So here’s the big secret with private investors, the steps to success if you will:
1. You have to do a few deals, sorry, but most people are not going to trust you with any kind of money
until you have done some deals, unless you are very highly trustworthy, and have an income to pay off the
loan from the private investor, even if the deal goes south.
So as you do deals, keep a record, all the facts and figures on each and every deal, it will come in handy
later.
2.Be sure to be a little bit of a bragger, “yea, I just closed another deal and made $2,000” or what ever.
When friends and family see you are making money, they always want to get involved – there’s your next
private lenders.
3.Get all the needed forms and documents to secure a private loan against your next property. Talk to
your attorney or title company and they can set you up.
4.Write down your elevator speech and practice it.
5.Create a presentation showing how it works and example deals
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6.Then let everyone you know that you invest in real estate and ask people if they might be interested in
investing by becoming a lender for you!
It’s not really a hard job to find private lenders, but it is time consuming and you have to be prospecting for
lenders all the time. Go to the ball game, talk to the guy next to you. On the plane, talk to your seat mate.
At the dentist, talk her up. At the bar, talk to the bartender and the people around you.
Everyone , everywhere is your potential private lender. There is no magic list of these private lenders, they
are all around you, and you have to be working all the time you are out in public, networking online, or
talking on the phone – you never know who will be the magic guy or gal that makes all the deals happen.
Now if you want to brush up on how private lending works , the paperwork you need, how to find them,
and how to approach them, I have some resources for you.
1) This Saturday January 23rd, 2010 I will be teaching 3 Professional Housing Provider Workshops on
financing – one on owner occupants, one on investor financing and one that is advanced financing for
investors that includes both private lending and self directed IRA. These are offered for members of
Mid-America Association of Real Estate Investors at $25 each or $69 for all 3. Non-members cost is $35 a
class. Only 9 seats left.
2)Then on Tuesday Evening of January 26th, Alan Cowgill will be teaching on a teleconference his
method of finding private investors. Cost for this is free, but you have to be pre-Registered.
To pre-register for either of these, visit http://www.MAREInet.com (go through the calendar of events)
About the Author: Kim Tucker is a real estate investor, real estate broker, and director of a REIA group in
the Kansas City market. She has been in real estate and real estate investing since 2000. And if you would
like to earn a good return on your investment by lending to an investor on real estate transactions secured
by real estate, you might give her a call. She has 100’s of completed, profitable transactions that she and
her partners have completed in the past 10 years. You can reach her at 816-523-4400 x 222.
Find out more about MAREI at: http://
www.mareinet.com/clubportal/clubstatic.cfm?clubID=755&pubmenuoptID=31035
###
About the Author: Kim Tucker is a real estate investor, real estate broker, and director of a REIA group in
the Kansas City market. She has been in real estate and real estate investing since 2000. And if you would
like to earn a good return on your investment by lending to an investor on real estate transactions secured
by real estate, you might give her a call. She has 100’s of completed, profitable transactions that she and her
partners have completed in the past 10 years. You can reach her at 816-523-4400 x 222. Find her
association online at www.MAREInet.com
Category Finance, Real estate
Tags private lender, private investor, angel investor, real estate investing, real estate investor
Email Click to email author
Phone 816-523-4400
Fax 816-523-4448
Address 115 E Gregory Blvd
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City/Town Kansas City
State/Province Missouri
Zip 64114
Country United States
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