221 - Part 1 - Private Money Crash Course

Today is going to be a private money crash course, in fact I have a ton of info to share so I am going to break this up over a couple of episodes.

This week I made a post in the Cash Flow Guys Community Facebook page asking people to share with me the hurdles they were struggling with when it came to raising private money.

The post received several great responses which inspired this episode.

Below are some of the most common responses:

Self-doubt can be overcome by understanding how to structure or “underwrite” a deal to be sure it is profitable. 

Many folks I run into don’t really understand the “how” of deal structure. 

They don’t really know what a good deal looks like. 

Instead, they tend to just a deal by its initial asking price and don’t go much farther than that.

A while back I decided to build a fix for this problem, you can get that fix FOR FREE at HowToMakeDeals.com

Its a four-part video course (soon to be expanded) to help busy people learn the ins and outs of breaking down deals and structuring deals for solid predictable profits.

Fear of asking for money was also a popular reason. 

I remember struggling with this one quite often, for me it felt crippling.

Here’s the good news... If done right, you should never have to ask anyone for money. 

Money should be asking to do business with you.

In my Private Money Crash Course, I teach an easy to learn and simple to present method of explaining deals to your financial friends.

Once you learn this system, you can use it over and over on any deal that provides income.

My method makes it easy to lay the cards on the table so that everyone can see what’s in it for them.

The end result is people asking you to consider helping them invest their money with you.

Fear of losing someone’s money is caused by not truly understanding how your deal will support itself. 

Lack of confidence in this area can rip you apart emotionally which is why I made the HowToMakeDeals.com free course.

When you have an overwhelming fear of losing someone’s money that usually means your deal is purely speculative which triggers your “risk nerve”.

Fear of rejection was also popular, however, consider this...if investors are coming to you asking for help investing their money, where is the rejection here?

 

Imposter Syndrome is the final one that many new investors feel since they have not done a deal, or maybe their first deal tanked they are not “real” investors. 

Feeling like an imposter leads directly to withdrawing which holds you back from doing anything that could be construed as forwarding motion.

One of the best ways to overcome this is to bring more experienced team members into your deal to help you gain credibility and lessen the likelihood of expensive mistakes.

To get started with my Private Money Crash Course, simply go to PrivateMoneyCrashCourse.com right now.