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EP062: Doug Fath Reveals How to Approach and Handle Skeptical Private Money Lenders

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Doug Fath first got involved in real estate when he was a broke college student. So, what does a young broke guy interested in real estate do? He approached private money lenders, to help him get started. Because of this experience during his early days, he shares some practical tips on how you can get out there with no financial means, and get those private lenders on your side.

 

Key Takeaways:

  • How did Doug get started in real estate?
  • How did Doug get involved with private money lenders? How did he go about making those connections?
  • Doug offers some practical steps on how you can raise private money.
  • You have to go to real-estate-related events!
  • Don’t be afraid to ask questions at these events. Get to know the person.
  • How does Doug pay back his investors? How does he set that up?
  • What kind of objections has Doug received in the past?
  • What is the one piece of advice Doug would give to his 20-year-old self?

 

Mentioned in This Episode:

FlipEmpire.com

Connect with Doug at Legacycapitalpa.com

 

Tweetables:

I started connecting with private money right away. I was a broke college student.

Think about your why; think about what you really want; and find someone who has been there.

If someone’s concerned about you running away with their money, start with a smaller investment.

 

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