Learn

New Note

Create a note for yourself from this lesson. Notes allow you to quickly jot down any valuable information you'd like to review later. You can find your notes by clicking on "My Notes" in the profile navigation menu.

Private Money On Demand

Prospect Letter #1 - Friendly Meeting

The sample letter below is designed so you’re not sending out a "general solicitation" to potential private lenders. 

As we all know, if you send out a marketing piece (a website included) that "solicits" a person that you don’t know, to be your private lender… the SEC looks at that as a general solicitation and look down on it heavily. 

So, if you have no prior relationship with a potential private lender… you don’t want to come out talking about your private lending program, asking them to be your private lender, sending a deal by them,  etc. 

Your first contacts with a person who you don’t have a prior relationship with (some attorneys  as a rough rule define a prior relationship as that you’ve had at least 3-5 contacts with them and/or have known them for a month or so… but check with your own attorney for their advice for your specific state) should be a contact that doesn’t address your private lending program at all.  

That first contact ideally is a contact just to "get to know them" or to send them a marketing piece that offers them a free educational report/video/etc. on a topic… such as "How To Use Your IRA To…


Is there a topic you'd like to learn more about? Request a Lesson

Finished?

+ Mark as Learned

Valuable Lesson? Share it:

Request a Lesson

At RealEstateMogul.com, mogul_guarantee.pngwe’re committed to delivering the awesomest, most practical, actionable content to our members … and that a big part of that is getting YOU to tell us what you'd like to learn from us. Since our REI resources are basically endless, we’d love to tailor our upcoming training as much as possible to precisely match what you, our members, really need and want out of us.

jpsig.png Request form