Following on from last weeks article How
to structure a JV deal to overcome private investors
objections & reduce their risk, here is a
resource of where to find your private or angel investors.
Before
you rub shoulders with millionaires, it is essential
to know what you are looking for exactly. If you are
looking for a chalk and cheese JV, or a business partner,
it is not just about finding people with money. I
have a whole host of content on striking chalk and
cheese JV's on the Progressive Property Masterclass
[DISC & VAKAd], for this article I am going to
give you resources for finding cash and funding from
'private investors.'
All
of the examples below are strategies successfully
used by Progressive and our students: so don't dismiss
ANY of them – ladies: you'll know what I mean
1.
Family
- many of the investors on our £10,000 per year
VIP Property Millionaires Club have started with their
close family, with great success. You can assess how
resistant/open-minded they are and use on of the structures
in my previous article to best sell your proposition
and reduce the risk
2.
Early Inheritance
- a variation on the above: money that family will
eventually die on and not see the benefits of, and
money that you or close family will be paying IHT
on can be used much more effectively to the equal
benefit of the private investor and you, the investor
3.
Business Angel Networks
- in no other room will you rub shoulders with so
many millionaires per square foot! LBA is our favoured
one that we attend regularly, and there will be business
angel investing events across the country. Get there,
go regularly, apply as an investor and network away
4.
Charity Balls
- a great place to meet wealthy people. It will be
clear where the money is, and as the drinks flow and
egos rise, opportunities to build relationships increase
5.
Flying Clubs -
Mark and I fly the helicopter and are members of a
flying club, and we get to spend time with many people
who are also very well off indeed. If you don't fly
it doesn't have to stop you. Get a Bomber Jacket,
some stitch on wings and go and have a cup of tea:
all flying clubs I've been to are very welcoming
6.
Property Networking Events –
Because private investors can't get returns on cash
in the bank, they're out there actively looking for
investments. Property is a favoured investment class
of most businessmen and Entrepreneurs and so you'll
find many 'undercover' private investors at property
networking events across the country
7.
Progressive Property Events
- We actively promote JV's at all of our Events, and
as a result we attract many private investors. In
fact we have had many millionaires and 2 billionaires
at our 1 day events – keep coming back and meet
new JV partners
