BiggerPockets Real Estate Podcast

637: Private Money Explained: 5 Simple Ways to Find Private Money Today (Part 2) w/Amy Mahjoory

4 snips
Jul 19, 2022
Guest
Amy Mahjoory
In this engaging conversation, Amy Mahjoory, a private money expert, shares her remarkable journey of rapidly scaling her real estate portfolio with private funding. She unveils five simple strategies for investors to connect with private money lenders, emphasizing the power of referrals and personal networks. Amy encourages all experience levels to leverage these techniques for swift success. Discover how to effectively navigate fears surrounding fundraising and the importance of personal branding and authenticity at networking events to attract investments.
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ADVICE

Get Referrals

  • Always ask for referrals from everyone you talk to, even outside your network.
  • Incentivize referrals with a flat fee, not a percentage of the investment, to comply with SEC regulations.
ANECDOTE

Referral Success Story

  • Amy Mahjoory raised $390,000 in private money in just three weeks by leveraging referrals.
  • This allowed her to purchase the first property showcased on HGTV, a major goal.
ADVICE

LinkedIn Strategy

  • Network with non-real estate professionals on LinkedIn for referrals.
  • Target investment bankers, financial advisors, and stockbrokers; they know people with money.
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