2.5 • 884 Ratings
🗓️ 11 January 2024
⏱️ 6 minutes
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| 0:00.0 | How much money have you raised? |
| 0:02.0 | Probably over the past couple years, maybe about $7 million. |
| 0:07.0 | Wow. |
| 0:08.0 | Yeah, so private lenders, a lot of my projects are fully funded by everyday people who have money in their savings, |
| 0:14.8 | he lock or you know their 401k their retirement and so they're just trying to |
| 0:20.1 | leverage and find a way somewhere even just trying to get started so a lot of people say of is to lend on other people's projects and have them keep you in the loop on what's going on. |
| 0:34.0 | Yeah. |
| 0:35.0 | Little risk in that unless that person doesn't pay you back. |
| 0:38.0 | So that's where the trust factor comes into play. |
| 0:41.0 | But also you get a return, like you get to make money on your money in |
| 0:44.8 | somebody else's project got it and I guess like how do you find private money |
| 0:49.1 | lenders so like I mentioned before just networking and reaching out to people or letting people know that you're looking for somebody to fund their project or you're looking for money. |
| 0:58.7 | So I constantly on social media have leveraged that a lot. |
| 1:01.9 | I probably raised a couple million off social media. |
| 1:04.5 | And then the rest was through networking |
| 1:06.4 | or getting to know people, going to meetups, |
| 1:08.6 | hosting meetups as well. |
| 1:10.4 | So there's a benefit to that because you're looked at as a leader and when you mentioned something that people are like okay I want to get my foot in the door |
| 1:17.2 | Even active investors lend because they might want to diversify. Yeah. |
| 1:23.0 | But I guess when you approach a private money lender, |
| 1:26.0 | what do you say? |
| 1:27.0 | It's crazy, but I don't really approach people. |
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