It's time for Financial Freedom Friday with Matt Terrio.

Hi, you know. for Financial Freedom Freedom Friday with Matt Terrio.

Hi, there are many educators and trainers out there

that would love to teach you how to raise private money.

And some of it's good advice, some of it's great advice, some not so good. But regardless

of whose advice you do take, none of it will work unless you follow these five rules.

If you're a fan of the podcast, you heard me say more than once that I have yet to use

conventional financing in any of my real estate transactions. I mean, I've built a personal real estate portfolio

just shy of 250 units without using one dime of my

own money or one point of my own credit. I mean, primarily out of necessity in the beginning,

but now out of preference. You see putting

private money to work is a lot easier than dealing with banks and quite honestly

it's more fun. It's more fun to take people with you rather than an

institution to share in the success. So if that sounds like something you'd like to do

I mean if you want to dip into the private money sector to start building your real estate portfolio, there are some rules you're going to

need to abide by.

And if you abide by these, it's going to be very possible and probable for you.

And these are hard and fast not to be broken for any reason type rules.

All right?

One, ask your private money lender what kind of return they'd be open to.

Don't offer a return.

There are two reasons for this.

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