Raising Millions in Private Money – 2 Exercises to Find the Money For Real Estate Investing

Imagine buying a great property with none of your own cash, funding it with someone else’s money, pulling up to 60% of your profits out in cash on the day you buy, collecting more cash when it’s occupied and then enjoying a predictable and reliable positive cash flow each month. Now imagine doing this… every month! That’s what you can do when you use advanced strategies for raising millions in private money for real estate investing.

The most important factor when you’re looking at getting started raising millions in private money for real estate investing, is to get started right and to get started right now- in that order. No one can MAKE you start raising millions is private money for real estate investing, but at least I can help you put together the plan to get started right by helping you find the money and find the time you already have right now to find it in.

If you’re looking at getting started raising millions in private money to fund your real estate investing, you want to make sure you can find the money and find the time needed to do it right.

Print this article out and honestly complete the 2 exercises for yourself, and you’ll be on your way to doing just that!

First, you want to find the money.

Let’s help you to take stock of your existing financial resources. The answers to these questions will determine exactly what types of real estate investing you want to pursue.

Don’t worry, whether you’re a multimillionaire or middleclass, or even a homeless guy with no job, there are ways to build wealth in real estate-by raising millions in private money to use for your investing. But, before we get to that….Just answer these questions for yourself and you’ll be well on your way to determining the best way for financing your plan.

This first exercise will help you determine what kind of money do you have on hand to invest in real estate. Where will any needed down payment money come from? What kind of financing can you get?

You may even realize one or two sources of cash you can tap that you might not have thought about using (these will be in addition to the strategies I’ll cover in raising millions in PRIVATE MONEY from other folks)

1. Personal Checking Account $__________________
2. Personal Savings Account $__________________
3. Pension/401k Fund (withdraw) $__________________
4. IRAs/Roths (withdraw/borrow) $__________________
5. Stocks/Bonds/Mutual Funds (sell) $__________________
6. Credit Card Total (cash advance) $__________________
7. Home Equity Lines of Credit $__________________
8. Friends & Family (who has money?) $__________________
9. Cash-Accrued Insurance Policy $__________________
10. Other Sources to Raise Capital $__________________

That’s your money and you should use it in addition to or before you worry about raising private money.

Raising private money comes down to building relationships with people who have money. And that takes TIME and trust! I can’t teach you how to build trust in a 1000 word article. But I CAN help you find more time to do these things so that you can start your plan of raising millions in private money to you’re your real estate investing business.

So, secondly, you want to find the time.

Let’s help you to take stock of your existing time usage. The answers to these questions will determine exactly what types of real estate investing you want to pursue and what things you may need to “give up” to implement your plan of raising millions in private money for investing.

Don’t worry, whether you’re a busy entrepreneur or a regular working-man, have a family or just have many time commitments, there are ways to build wealth in real estate.

Just answer these questions for yourself and you’ll be well on your way to finding the time you need for your plan to get started now in real estate investing.

This second exercise will help you determine where your time is going each week, in some cases time spent on things you might possibly could do without- and will help you find time that you could likely be using to learn about and do real estate investments.

You may even realize one or two ways you spend more time than you thought, just by being honest here!

1. Watching television #hrs/wk: ______________________
2. Surfing the web (with no purpose) #hrs/wk: ______________________
3. Reading “fluff” (no educational value) #hrs/wk: ______________________
4. Sleeping more than 7 hours/night #hrs/wk: ______________________
5. Working (primary job/business) #hrs/wk: ______________________
6. Working (second job/profession) #hrs/wk: ______________________
7. Household chores (cooking, laundry etc) #hrs/wk: ______________________
8. Shopping for fun #hrs/wk: ______________________
9. Pursuing hobbies (non-investing) #hrs/wk: ______________________
10. Chatting on the phone/internet #hrs/wk: ______________________

If you’ve completed these simple exercises, congratulations!

Time and money might be the most wished-for things in the world, but few people ever take stock of what they already have (even those who wish for more, like folks who want to raise millions of dollars so they can invest in more real estate).

Whether you found more money than you thought you had, or more time than you realized you could use to invest and learn about investing, you’ve already discovered something powerful about yourself.

You’re a person who goes after what he/she wants.

Now that you have taken stock of your existing financial resources, and existing time usage, you’re ready to get started raising millions in private money for your real estate investing.

You’ll also need to (if you’re not yet investing) need to now determine exactly what types of real estate investing you want to pursue, what techniques you want to use, where and how you want to invest, and what kind of investments make you most excited.

Trust me. If you have found the time and found the money you already have…you’re already half-way there to getting started raising millions in private money for your real estate investing.

Ready for the next step?

It involves showing others how to do the exercise you just did (you DID do the exercise, didn’t you?) to “find their own money” and then GIVING THEM A REASON to give you that money to invest!

I’ve got plenty of other articles on how to do just that and one you should read is titled “How to Find Investor Partners and Private Lenders for Your Real Estate Investing”. You can just search for that phrase right here on the site, or through your favorite search engine. Find that article and read it next for the mechanics of FINDING and building RELATIONSHIPS with folks who can help you in your quest of raising millions in private money for your real estate investing.

Changes For Business Finance and Working Capital Loan Programs

As business owners develop their small business loan plans for future financing and refinancing throughout the United States, there is an increasing awareness that there have been significant business finance changes that cannot be ignored. Some of these measures are likely to end up being permanent, and even the temporary commercial mortgage loan and working capital loan changes are expected to be in place for an extended time due to the severity of the current financial climate.

A reduction in commercial lenders as well as stricter standards for acquiring commercial loans and commercial mortgages has been the net result from business finance changes. Unfortunately there has also been no shortage of misinformation about the availability of commercial funding.

A significant reduction in business lending activity overall is perhaps the most dramatic change. This has been due to several events occurring almost simultaneously. Several major commercial lenders have gone out of business altogether. Many banks have stopped commercial finance lending while continuing consumer lending. Numerous business lenders have enacted stricter standards for the commercial financing transactions they are still willing to consider.

It remains to be seen how many changes will be permanent or temporary. But from a practical perspective, commercial borrowers are left with no choice but to adapt to the changing business finance environment. Business owners must be prepared to operate within a more complicated climate for commercial mortgage loans and small business loans regardless of how long the changes might be kept in place.

What should borrowers do about this? A primary option that business owners should explore involves looking beyond their local market area for help with commercial loans. To accomplish this, it should be helpful to contact a commercial financing expert operating throughout the United States.

In addition to fewer business lenders to choose from, there are two other significant changes which must be anticipated by business owners before seeking new commercial loans. First, more collateral for virtually all business finance funding is being demanded by many commercial lenders. Second, most lenders have cancelled or are about to eliminate unsecured lines of credit (usually called working capital loans) for many businesses.

One effective commercial financing strategy for overcoming the combined obstacles of more collateral, fewer lenders and reduced unsecured credit lines is to consider business cash advance programs based on future credit card processing transactions. This is proving to be one of the few sources of business funding that has not been adversely impacted by recent events. To learn more, it will be advisable to discuss the potential with a business finance expert who can provide advice about business cash advances as well as other small business financing solutions.

It is increasingly obvious that many banks will continue to modify their business lending programs in response to changing conditions. This means that another key change issue for working capital financing and commercial mortgages is the likelihood that more changes will be forthcoming in the near future.

To adequately prepare for future commercial finance changes that might (or might not) occur is a daunting task for a business owner. A commercial financing expert familiar with Plan B contingency financing for small business loans will prove to be a valuable resource for any borrower wanting to seriously deal with both current and future changes impacting the financial health of their business. By having a candid conversation with a commercial loan expert, business owners should be more capable of implementing an appropriate strategy for the vast changes which have recently occurred or are about to become effective for most business financing and working capital finance funding.

Five Things to Think About Before Starting a Photography Business

If you’re reading this article, odds are someone has told you that you take really great pictures and you should start up your own business. It’s exciting to think about turning your passion into your full time job, but before you jump head first into this endeavor here are a few things you should think about.

1. Picture yourself as a business owner

It’s thrilling to think about being a photographer, but have you thought about being a business owner. What most people don’t know is that only about 10%-20% of your time is actually spent taking photographs. That other 80% or more is spent actually working on your business. Whether it’s dealing with paperwork, doing the accounting, creating marketing pieces, dealing with disgruntled customers, or updating your website, these are not the tasks most aspiring photographers dream of doing, but they are a crucial part of staying in business.

If you haven’t thought about this yet, take a few minutes to do so. Would you be happy keeping track of your sales and taxes? Would you have fun working on marketing pieces for your business? How much would you enjoy dealing with customer queries – even unpleasant ones? All of these things are part of owning a business and part of a photographer’s everyday job.

2. Think about what kind of photography business you want to have

If you are contemplating starting a photography business, I’m sure you love taking pictures, but have you thought about what you really love taking pictures of? There are so many different specialties you can focus on in this world. There’s wedding photography, senior photography, newborn photography, family photography, sports photography, and a slew of other focuses as well.

It is often encouraged that you select a specialty or one area that you focus on. The benefit of doing this is that it makes it far easier for you to find your target market to advertise and promote yourself. But determining what your favorite thing to shoot is can be difficult. So take some time to think about what you really enjoy documenting.

3. Think about time and money

This is another side to the business that is easy to not even think about. Take some time to write down all the business expenses you think you’ll have starting out. This would include things like: camera equipment, website domain, website hosting, website design, logo design, filing with the state, sample products, software… As you can see this list can become quite extensive and the numbers can add up very quickly. But it’s much better to go into starting a business having an idea in mind of what it’s going to cost you.

Equally important is considering how much time you will spend working in and on your new business. Starting a business can be incredibly time consuming. If you already have a full time job and plan to start your photography business on the side. It’s good to set boundaries for how much time you will spend working. It’s far too easy to get caught up in this exciting new adventure and let time with your family and loved ones fall by the wayside. So be sure you are ready to invest more hours than you expect into this business.

4. Talk to other business owners about their lives

If you want to gain a real perspective on what owning a business is like talk to a small business owner in your area. It doesn’t necessarily have to be a photographer, though their insights would be most relevant, any business owner can give you a perspective on what it’s like. Take them out to lunch and pick their brains. Ask them what their average day is like as a business owner. What their favorite and least favorite things about owning a business are. What they would do differently if they could start all over again. All of their thoughts and opinions can help give you a better idea of whether or not this is the right choice for you.

5. Come up with a Business Plan

You’ve thought about it all, the time and money you’ll have to invest, the struggles you may encounter and the type of photography you’d like to shoot and you are ready to start moving forward with your new business. The last step of thinking about it and the first steps towards building your company are to create a business plan. It is the one step that is so often overlooked but the one that makes the biggest difference in developing and growing your business.

A business plan is basically a formal statement of business goals, the reasons they are believed attainable, and the plan for reaching those goals. It often also contains background information about the organization or team attempting to reach those goals. For example, my business plan isĀ “Green Tree Media Photography helps our preserve memories and captures the soul and essence of our families, seniors, newborns, and couples. We thrive on repeat business by developing relationships with our clients and providing exceptional care and unique and beautiful art pieces for their walls and home, while maintaining a strong and healthy relationship with our family and loved ones.”

As you can see – I’ve outlined what I like to photograph, the type of service I plan to provide, how I plan to do it and because my husband and family are important to me I’ve included them in my business plan as well. This serves as a constant reminder to me of where I’m heading, what I need to do and what’s most important. Your business plan, of course, evolves with your business, but it can be incredibly beneficial to head into the game with a business plan in mind.

So there you have it. Five Steps for Starting your photography business. Now you may have noticed that the first four steps were more about thinking and preparing than actually taking action, and there is a reason for that. It is so easy to jump into business too quickly and to let your excitement get ahead of you. At this point in time, many photography businesses are failing in the first 2 year of business. So to avoid adding yourself to that statistic, take the time to think through all the facets of owning a business so you can make the best and right choice for you and your family.