Marketing For "Private Lenders"
I was wondering if anyone has done any type of marketing for private lenders. Specifically people who have money in investments elsewhere that could benefit from having a 9-12% interest rates on their returns (IRA's, etc). I have heard in the past you can't specifically advertise for lenders as it breaks SEC rules if you are doing it for a company. However, I have also heard if you are looking for "partners" on a specific property, it is ok.
What I would like to do is send postcards to an area of town that is known for having a lot of doctors, and other high paid professions (a lot of disposable income) and solicit them to use their investments with our company on specific properties. I wouldn't use the money for random causes, it would be used specifically as a mortgage on a property I am purchasing.
Has anyone used this method, and how well does it work, etc?
Thanks for any input,
Chris
yes it works,,,,
Has anyone else had any luck?
Anyone like to share the letter they use to attract private lenders?
Chris