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Commercial Real Estate Brokers Educational Seminars Makin' Offers Multi-Units/Apartment Buildings Networking

Networking, Toastmasters, Private Money & Offers



Attending Dave Lindahl’s Private Money/Syndication Bootcamp has really made me realize how super important networking is. It was actually one of the speakers there that really made it sink in. His name is Joel Brough. I first was introduced to Joel at round table discussions that Dave had. Joel was speaking about Property Management. He gave some awesome information about how to network with property management companies to get information from them and to then get information from other folks.

Joel then came up on the last day of the Bootcamp to talk about networking (grant it, he was trying to sell some software that apparently he and Dave created) but the reality was a lot of stuff he was saying made sense. A lot of times we network with folks at perhaps REIA meetings or seminars and bootcamps and we collect tons of business cards but we don’t stay in touch with folks. Sometimes we may not even make contact again after getting their initial business card. Well that was wasted networking efforts. Why put the time in to get the business cards if you aren’t going to take advantage of them?

Anyway, he says not to go to these events with business cards. He says “it’s not about you! It’s about them!” He says to have your “elevator speech” ready to give to folks but don’t hand them a business card, just get there business card. Then come home and put them in your database and stay in constant contact with them, etc. Obviously he went into more detail but you get the gist of it, I’m sure. I really liked Joel.

So now I’m totally excited to network. Dave and others gave us great ideas and examples for our elevator speeches and I’ve been practicing mine since Friday night. I’m ready to use it on everyone. And who knows…perhaps I’ll get a bunch of
private money commitments!




I am going to a my first ever Toastmasters meeting next week. Not because I am afraid to speak in public, cuz I’m not, but I’m sure I can learn some great techniques there, but I’m going because it’s a networking opportunity and this particular chapter meets at a country club hehehe so hopefully there is money there that I can eventually tap in to.

Kathy and I will begin to meet with a few folks that we know for a fact have money and have even spoke to us about either investing with us in regards to the money angle or investing with us in regards to buying properties (this guy we’re going to try to convert to a private money lender tho.) Plus, after I get my speech and presentation really down good….I’m going to meet with a high school friend’s father who I know has money and I know knows lots of folks with money.

As far as offers go, we still just have that one out there and after re-doing the numbers…as long as we use equity investors and not debt investors, I think our initial offer of $900k to $925k is good! (I thought I screwed something up with the numbers and was suppose to offer $750k to 800k!)

Kathy is meeting with a commercial broker in Odessa, Texas today and I also set up a meeting for her to meet a woman at the Economic Development Committee. She’s there for work so I figured I’d put her to work for us too! The Odessa/Midland area is an emerging market that we’re targeting for now.

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Finding Private Money Lenders



Private Money Lenders and finding them is generally a big deal for most, if not all investors. We all want to know “how do we get the private money lenders?” Right? Because if we have the private money lenders then we have access to cash and we can make more cash offers and get more deals accepted but more importantly with this private money source at our finger tips our confidence is higher as well!

Well Kathy and I were in Boston, Massachusetts last week for a Private Money Lender seminar. We spent all day Wednesday, Thursday and Friday with Dave Lindahl for his Private Money/Syndication Bootcamp. (It was $2997 for those who are wondering.)

Anyway, with the bootcamp we got his private money course in hard format prior to going to the bootcamp. I had read it before getting there and we got new, different materials when we arrived. I’ve been to many real estate seminars before and as always, one of the best parts about the seminars is the networking with like-minded folks. It’s just awesome.




Besides that tho, we were hoping to find some private money lenders at the bootcamp hehehe Didn’t happen yet, but we’re still hopeful that some of the contacts we made may be private money lender worthy lol We learned a great deal at the bootcamp and the big thing there was syndication. Syndicating your deals so you can get paid an acquisition fee from your private money lenders at closing. It was super interesting and confusing as well. There was an SEC (Securities and Exchange Commission) attorney there speaking for a day and a half explaining the rules and regulations. What you can and can’t do, etc.

Overall, I really liked the Private Money/Syndication Bootcamp. At the end we had a strategy session with one of Dave’s coaches (of course they try to sell you the coaching program i.e. $8,000 to $10,000) but we don’t have those funds at this time but the coach spent an hour with us (it was only suppose to be 20 minutes) and gave us a great deal of information and action steps to take.

Kathy and I have been talking about the need for a coach/mentor and we’re thinking of going with a gentleman that was referred to us by someone who I met recently from Scott’s Struggling Investor blog. I plan on giving this fella call and chatting with him a few times to see if he’ll be a good fit for us.

I’m super psyched to hit up some private money lenders….or folks that I feel have the potential for being private money lenders for us. We are still practicing our pitches (I practiced mine while laying in bed last nite, while driving home last nite, while in the shower this morning and while driving to my mom’s this afternoon!) I also practiced it on some lady in a New Jersey Turnpike Service Area bathroom lol I did awful by the way….but better to screw up with her then someone I really don’t want to screw up with, right?

I said to Kathy, “I just practiced on that lady.” She said “I know, I heard you.” I said, “I sucked.” Kathy said “I know, but that’s ok.” lol

We got a lot going on right now. 2nd direct mail campaign is out, already getting calls (no fax backs yet tho) and we’ve got a whole lot of action items to tend to and that verbal offer I made?? Remember?? Well the broker told me that he’s trying to get the seller to see reality and thinks he could get him to my price within 3 to 4 weeks. Yikes I say! Not because I’m scared (well maybe a touch) but because we actually saw the property #1 (which it’s in a C area and is a C property with lots of deferred maintenance) but #2 because I messed up when I was figuring out the numbers and the offer should have been way less 🙂 You live and ya learn right?

Luckily, I called ChrisBuysApartments and asked him what to tell the broker so I don’t sound like a complete idiot. Thanks Chris!

Moving right along…a lot to do and oh yeah, Kathy’s away this entire week and I have the kids. And Joe…oh my gosh, has shit to do all this week…baseball then karate then baseball then karate. I swear the only day he doesn’t have something is Monday. Oh and to top it all off he has a religion project due for school lol Definitely my strong suit, right? (For those that know me, know that’s sarcasm!)

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