Flip Tip Summary
If you’re looking to raise money for your real estate investing business, watch this quick FlipNerd.com Flip Tip, where Steve Lloyd, expert at raising money for real estate investing, shares his strategies.
Flip Tip Transcript:
Mike: Hey, it’s Mike Hambright from FlipNerd.com, and we have a quick VIP Flip Tip to share with you from Steve Lloyd, who’s going to share a tip on learning how to raise money for your real estate business.
Steve: Yeah, Mike I think one of the most powerful things that I’ve ever learned how to do in real estate, is actually learn the money and education my investor how they can be my bank instead of the regular bank. Because when you learn how to bring the money in, in a secured fashion and an ethical way, you can go and buy what you want and create partners to create that equity in a property that you want to buy.
It’s also taken me to a world of buying paper, learning how to raise money. I raise money in a private placement and I buy notes at a much higher return then I pay out. And it’s created some nice income for me. But learn how to raise money the ethical way and it really takes care of a lot of issue, that you have in the real estate [inaudible 00:01:00].
Mike: Thank you for joining us in another FlipNerd VIP Tip.
We’d like to thank our sponsors, RealtyMogul.com and National Real Estate Insurance Group.
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Mike: Please note the views and opinions expressed by the individuals in this program do not necessarily reflect those of FlipNerd.com or any of its partners, advertisers or affiliates. Please consult professionals before making any investment or tax decisions, as real estate investing can be risky.