The 9 Magic Words You Must Say to Raise Money for Your Next Flip
Ever wonder what to actually say to a would be investor when you're raising money for your flips?
At our most recent HFS Bootcamp, Mike gives you the exact words and approach to use when talking to new investors about how to raise money for your next flip.
Please note: never ever ever ask for money. Use this approach instead talking about returns but no promises of return.
Watch how its done here:
[youtube width="550" height="360"]http://youtu.be/Y3_pqA5ZvUw[/youtube]In this video:
00:02 The magic words to say when approaching investors
00:55 How a new house flipper can use a coach to lend themselves credibility
01:25 How to set up the appointment with the investor at a networking event
02:14 What NOT to do when approaching investors for your house flip business
02:35 What to DO when approaching investors as a new house flipper
03:15 How to use eye contact to approach investors
Hey Mike,
I’ve been browsing your website and one video caught my eye since it fits what I’m looking for: “9 Magic Words You Must Say to Raise Money”. However, the video is no longer up and running so I wanted to see if you had a new one. I live just outside of Charlotte, NC with poor credit and no money, but I have a few friends that have both. I was planning on approaching some of them about going 50/50 on deals that I may find, manage and fix. So I planned on putting together a business plan and see if they would have interest in looking it over. I have never done a flip and do not want to insult or make things awkward since these are people I know. However, I do want to get funding so I can start marketing and looking for deals. I was curious as to what NOT to say and what TO say to get them to believe that I can actually do this and their risk is limited. I’ve watched more podcasts (Biggerpockets, etc.), read more books, articles, etc. and I’m fairly confident that I have done all the bookwork I can do to prepare the only thing left in my education is to actually do it. Any advice on approaching would be investors, getting this video and putting together a bus plan would be appreciated.
Thanks,
Jerry
Hey Jerry,
I just wanted to let you know you should now be able to view the “9 Magic Words You Must Say to Raise Money” video above in this post.
All the best!