Meeting with private money, Meeting with a seller

Posted on 15. Apr, 2010 by in Direct Marketing Campaign, Multi-Units/Apartment Buildings, Private Lenders



planning your retirement

So I believe I told you that I was meeting with PokerBob (the sub-deacon) and his wife as potential private money lenders. Well I did my very first private money presentation for them and I think it went fairly well. I felt pretty comfortable with it.

Bob and his wife Coleen are pretty intelligent people and definitely financially informed, so they asked a ton of great questions. Questions that other potential private money investors would ask me as well. I think I handled the questions well and Coleen and Bob said I handled them well also. They also make several really good suggestions for my presentation and gave some really valid reasons for them. I believe I’ll be taking most of their suggestions and incorporating them into my presentation.

Overall, it took them a few days but then Coleen called me back and asked me a few more questions and then finally said they would fill out and send in our Accredited Investor Form. :-) So we have our first official private money lenders that are waiting to see deals.




Also, I told Kathy to call a mutual couple that we know. We met them through Kathy’s brother and they are super duper sweet people who happened to have a ton of money. They mentioned to us before that they were interested in potentially getting involved in real estate and that we could maybe do something together. Kathy called them and as usual they were nice as pie. They said they are going away on vacation but they will be back in a week or so and they are DEFINITELY INTERESTED and DEFINITELY WANT TO MEET WITH US! They are an older couple whom we believe to be pretty well-off and we know for a fact that they have a ton of friends just like them. And when they see something they like and believe in, we also know for a fact that they refer it to their friends….(Kathy sold them a Rainbow lol and she got about 5 pages of referrals from them.) So we hope they do a deal with us and they are happy with it because I think that would equal an endless money supply between them and their friends.

Kathy and I met with a guy who responded to our most recent direct mail campaign. He has 2 four units available in Maryland. We actually liked both buildings and he and his wife want $400,000 for both buildings. We are interested and they were giving us first shot at making an offer before they listed their property with a broker. They gave us 4 days to think it over….however, we asked for them to send us their expenses and they never did. I finally called them and spoke to the wife. She said she’d mail them to me.

So we’ll get those and go over things. I told them to go ahead and list the property but make sure they put us as an excluded buyer in the contract with the broker.

We shall see. I got a couple more posts for you coming up….1 with a video of my short private money presentation and 1 with some details on my day yesterday at the Apartment Association of Great Philadelphia’s Convention and Education Seminar.

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5 Responses to “Meeting with private money, Meeting with a seller”

  1. Scott Costello

    15. Apr, 2010

    Sorry for the short comment, but just wanted to say great work Carey!

    now back to catching up on things….

  2. Shae

    15. Apr, 2010

    Awesome, Carey! Keep up the great work! By the way…you mentioned that Kathy sold them a Rainbow….what is that?

  3. Flippin' Carey

    15. Apr, 2010

    A Rainbow is a water-based home cleaning system that replaces your vacuum, humidifier, mop, etc. etc.

    They are awesome for folks with allergies, breathing problems, pets, children, etc. or folks that just want a clean, healthy home.

    I use to sell them when I wanted some extra money and I showed Kathy how to do it too. Now I’m trying to concentrate completely on Apartments. But if ya ever want a Rainbow demo, let me know girl and I’ll hook you a Phil up with a demonstration. lol

    And yes, we do own one and we love it. I hope that answered your question….you can check it out at: http://www.rainbowsystems.com

    And thanks for the posts…you and Scott! I’m going through my newly acquired contacts now and trying to get them in order.

  4. Shae

    15. Apr, 2010

    Interesting…Phil sometimes has issues with dust in the house. That may be something to keep in mind. Thanks for the explanation!

  5. Flippin' Carey

    15. Apr, 2010

    Next time I’m in Florida I’ll give you and Phil a Rainbow demo :-)

    Phil would definitely love it, especially if he has sensitivity to dust (btw, the Rainbow is awesome for “cleaning” the dust mites out of your mattress.)

    Oh and the key about the Rainbow is the water. Because it’s water based means it will never, ever, ever clog…unlike your traditional vacuum which always clogs (i.e. that string it won’t pick up off the floor and you have to pick it up by hand) plus it’s also a certified air cleaner…..the air that comes out of the Rainbow back into the room is almost 100% pure, clean air (about 99.997%) whereas if you’ve ever paid attention to your traditional vacuum you see what comes back out into the air from that thing ;-)

    P.S. Can you tell I use to sell them? But more importantly, I’m telling you from experience as a proud owner as well. I use to wake up with head aches or sore throats all of the time, but those have since stopped since I started using the Rainbow (hmmmmm it’s been about a year and a half now.)

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