I once found the perfect mobile home park deal, but I had almost no money in the bank. Most people would walk away, but I refused. Instead of relying on traditional banks that wouldn't touch the deal, I turned to private money. I secured 70% from one private investor and another 20% from a friend, covering 90% of the deal with no money out of my pocket. It was a huge risk, and everyone told me not to do it, but I knew the potential. Within 6-12 months, that mobile home park generated nearly a million dollars. This experience taught me that private money isn't about hard money lenders; it's about relationship capital, built on trust and a clear, well-structured plan. You don't need to be wealthy to do big deals; you just need to know how to present them and protect your lenders.
Private Money is Relationship-Based: Unlike traditional bank loans, private money comes from individuals and is built on trust, clarity of your plan, and your ability to execute, rather than just your credit score.
You Don't Need Your Own Cash to Do Big Deals: By understanding how to structure and present a solid deal, you can attract private capital and acquire significant assets without needing a large sum of your own money upfront.
What "perfect deal" have you walked away from because you thought you didn't have the capital, and how might private money change that perception for you now?