Many new or beginning real estate entrepreneurs despair about raising money from private investments to fund their deals, because they have not yet done a deal themselves.

Therefore, they think, “Who would want to invest with me”.  It feels like “Catch-22”.

Now, experience is important.  However, it doesn’t have to be your real estate experience.  In order to understand this, you have to start out with a change in mindset.

Let me ask you a question.

When you invest in the stock market, do you invest in a company like IBM or do you invest in the CEO of IBM?  Heck, do you even know who the CEO of IBM is?  Probably not.  You see, private investors feel much more comfortable investing in a “Company” rather than an individual.

So, besides all the other advantages of forming a legally recognized entity like an LLC (Limited Liability Company) or a Corporation, you acquire the credibility of being a “Company”.  By the way, the dba (doing business as) structure is not a legally recognized entity and brands you as an amateur.

Now, once you are a “Company”, you can appoint officers, you can appoint members of a Board of Directors, or you can appoint a Board of Advisers.  Therefore, if you lack real estate experience, appoint individuals who have great experience in this area; and if you lack business experience, appoint individuals who run successful companies and have years of experience.

In other words, as a legal entity, you can appoint, hire and associate with individuals whose credibility will boost your own.

Now some of you may have people that come to mind immediately for you ask to be on your Board of Advisers.  In fact, you should begin to make a list of those individuals who have the various expertise that you need and who you know would be willing to participate at this level AND have your success in mind.

And here’s a Bonus.  While my time and how I invest it is very very important to me, for those of you who choose to attend our Advanced Private Lending Summit, you can appoint me to be a member of your Board.  (Please don’t ask this of me if you do not attend, since I can only lend my reputation to people I know and work with.)

To find out more about this one-of-a-kind workshop, Click here for more details about how you can attend the event AND receive a huge member discount.