Bill provides us with an example of an elevator pitch to potential investors. He gives you some tips on getting organized with your networks. He explains the role that social media has played in securing investors. Bill shares where he starts the process of finding private money. “Where is this money coming from?” is a question Bill asks potential investors. Bill shares the danger in offering an interest rate that is “too good.” - Bill explains why he prefers unsophisticated or average investors. Bill describes some of the sales techniques he uses in this discussion. Bill lists the options that investors have. Bill shares details on the initial conversation he had with a person interested in investing in his company. Bill explains why he is in a soft-sell mindset in private money discussions. Bill and I have both raised private money and share some thoughts on acquiring it. How to line up private money is a very common question we face. Private money is where you want to end up. Bill shares a lot of great information in this conversation and you will walk away with actionable items to grow your business. You will also learn important information about what types of questions to ask potential investors. We talk about some of the different places you can acquire private money, how to start that conversation, and who to look for when it comes to investors. This discussion is centered on the topic of private money. In this conversation, you will hear Bill and I discuss some of the common questions we face in real estate investing coaching. He is a busy person, running his own business, but he takes some time to talk with me, and I appreciate that. He is a smart investor that had some of the most meteoric rises in real estate investing that I have ever seen.
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