I wanted to share an example of the power of the network.
Last night on our weekly Apprentice call, one of my Apprentices told the group that he was looking for $30,000 for his earnest money. He asked who was interested in being his private money source…
Another Apprentice immediately came on the line, “I’ll do it. What’s your email?” It took 3 minutes, maybe.
That’s the power of the network and the mastermind community.
Private money is easy.
But first you need a deal and the mindset and skillset to approach private money sources.
Another Apprentice has a Commitment Letter for $20 million on a single apartment deal. That’s right – $20 million.
That’s 100% financing for the acquisition, closing, rehab and his syndication fee.
He’s earning cash up-front (like a wholesaler) and he’s getting a huge cash flow as well.
And 12 months ago, he wasn’t even considering doing apartments.
That’s the power of the success formula:
Success = Skillset + Mindset (+ Community) (TM).
Lance
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Many new investor’s never think to ask while on a tele seminar for funding. There are many seasoned investor’s online that do have the funds to fund and do JV with new investor’s that need funding to get started.
Ernest