Now that the mortgage market for buying investment real estate is all but dead - investors need to have other sources available or go out business. Fannie and Freddie will no longer be available for investor mortgages, traditional banks and saving and loans will not touch investors loans for many years to come and hard money lenders, when available, can have total cost over 25%. The answer is private money raised from people, not banks, through a process called private lending. Here are the four top ways to attract and develop your group of private lenders.
Private Lending Group Presentations
A private lending presentation involves getting 5 to 20 people into a room and doing a group presentation where you lay out the details and benefits of your private lending program. This may not be for everyone depending on your comfort level of talking in front of a group of people. But there is big advantage of doing group meetings. When people start to ask questions and tell positive stories a certain level of group think starts to take effect and can be very powerful on the attendees.
One-on-One Meetings
If you are not comfortable with group meetings - one-on-one meetings are a great alternative. I generally recommend a breakfast meeting in a quiet restaurant where you can have 15 to 45 minutes of time with your prospect. Like the group meeting you need to lay out your private lending program's details and benefits.
Out of Town Prospects - Creditability Kit
If the potential prospect is out of town you will need a good creditability kit you can send in the mail. It is very important to follow up two or three days after you send the package to see if they have any questions. Even if they do not participate right away, keep in contact and they may invest some time down the road after a number of follow up contacts.
Existing Private Lenders
If you already have a private lender, or lenders, be sure to keep asking them if they would like to participate in more deals. You will be shocked that most investor only give a very small investment to start and wait to see how things turn out before giving you more money. So keep asking and do what you say you are going to do they will develop a better relationship and trust level with you. As the relationship grows they will invest larger and larger sums to grow your real estate investing business.
Copyright (c) 2008 Michel Lautensack
Good Ways To Raise Money
How do children get that way? Here are 6 ways children can become sizeist in a sizeist culture:
(1) You show them in your physical reactions: Imagine that every time a parent is approached by a fat man or woman, s/he is rude, belittling or snotty but every time a parent is approached by a thin person s/he is positive, courteous, and relaxed. You might think that a child won't pick up on your body language—but they do. The message is clear; "Fat people make my parents feel uncomfortable, therefore they must be bad."
(2) You say it in your words: Little ears hear everything! That means that what you shout at the TV, the comments you make when leafing through a magazine, or what you whisper to a friend at coffee when a fat person walks by may just be embedded in a young child's lexicon forever.
(3) Your reactions towards them teaches them: The way you react when your child says something rude about a plus-sized person will speak volumes. If a parent laughs, agrees, or adds on to the joke, it will tell your child that it's OK to say demeaning things about people of size. When you say nothing at all, it can have the same effect.
(4) You show it in your choices: If you allow thinner children to do things that you don't allow heavier children to do, you are feeding into a sizeist culture. If you only take pictures of your thin child or allow your thin children to do special things while your fat children must watch from the sidelines, you are not only showing sizeist behavior yourself, but also teaching others to do them same.
(5) You show it in the way you accept your own body: Do you joke with your family over the holiday table about needing to lipo your "huge gut?" Do you look in the mirror and bash your "fat thighs" [fat=bad] or curse at your "skinny" jeans that don't fit anymore? Your children hear this—they see it—and they process it. If we don't accept who we are exactly as we are, how can we expect our children to accept themselves? In this case, parents are teaching children to reject these features in themselves as well as in others.
(6) You show it when you surround yourself with sizeist people: When it comes to our children, they tend to absorb what they see and hear from those who are around them most of the time—it's part of positive assimilation with a group. Therefore, when you surround your children with sizeist people who make statements laced with prejudice, your children have a great chance of adopting similar prejudices.
As adults, it's crucial that we admit when there's a problem and then work to take responsibility to deal with the pertinent issues. Watch your actions, your reactions, and your words. Otherwise, we are breeding hate—not just of others—but also of the children themselves. They become so scared to gain weight that we have a whole other problem on our hands. We must protect our children by teaching them tolerance rather than fostering hate and prejudice.
Both Michel Lautensack & Dr Robyn Silverman are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Michel Lautensack has sinced written about articles on various topics from Real Estate, Personal Desktop and Finances. I invite you to learn more about Private Lending and get my new FREE 20-page ebook titled "Discover the Secrets of How to Fund Your Real Estate Deals with Private Lenders!" by clicking here. Michel Lautensack's top article generates over 2400 views. to your Favourites.
Dr Robyn Silverman has sinced written about articles on various topics from Family Travel, Children and Kids and Teens. Child development expert, Dr. Robyn Silverman, provides easy-to-follow tips to parents and educators. Known as the Character Queen, she's the creator of the Powerful Words Character Toolkit. Her tips have been in Prevention and Parents Magazines and she's. Dr Robyn Silverman's top article generates over 12100 views. to your Favourites.
American Stock Transfer Co It distracts attention from the main housing problem the need for far more public housing for those who cannot afford to get on a house price escalator accelerating beyond them.