Table of Contents - #FreeFlowFriday: The Deal or the Money - which comes first? with Dave Dubeau
Welcome to Free-Flow Friday, powered by the Property Profits Real Estate podcast, I am Dave Debeau. And I'm very excited to give you an over the shoulder learning experience around raising capital, as well as other tips, tricks and strategies to help you on your real estate investing journey. So let's start. Let's discover together.
Raising Capital Tips
And this is Dave Thibeault with a raising capital tip or concept, and today, what I want to talk to you about is a kind of a mindset shift when it comes to raising capital. And that is the idea that the money always comes first. So quite often, new real estate entrepreneurs and capital raisers think, you know what, I need to have a really good deal and then go find the money. Plus, there's this big concept out there. Hey, if you've got a really good deal, the money will magically find you. Well, I call B.S. to that. I've I've been on the other side of that where I had an amazing deal, didn't have the capital went out and tried raising capital, doing the normal stuff, dialing for dollars, cold calling, networking, shmoozing, emailing. Everybody I knew about the deal didn't work. I lost that deal.
Experience Raising Capital Is Necessary
So my personal experience has been, you know what, when it comes to the chicken or the egg, which comes first, the the deal or the money, the money always comes first. All right. The money always comes first. Very, very important. So and when we're talking about the money coming first, I don't necessarily mean you're going to have a bunch of investors cutting you checks for 50, 75, 100 grand, whatever it is that you're looking for. What I mean by that is let's get our ducks in a row. Let's get our investors lined up, ready to go so that we've got that deal. We have the capital. We've got the investors to back it. And then that way you can go forth and you can look for good deals. You can negotiate hard on deals. You can market aggressively for deals because you know, you've got the capital to back you up.
Money Comes First
So, again, the big Mindshift idea here is the money always comes first. All right. Now, if you're interested in speaking of money, if you're interested in learning how to attract investors and raise capital without having to chase after them, then I'd encourage you to join me for one of my upcoming live one day virtual workshops. You can register, you can find out all about that. Go ahead and visit Investor Attraction Workshop dot com. Or there should be some silver button on this video. Take care and talk to you next time. Bye bye. Well, hey there. Thanks for tuning into the Property Profits podcast. If you like this episode, that's great. Please go ahead and subscribe on iTunes. Give us a good review. That would be awesome. I appreciate that. And if you're looking to attract investors and raise capital for your deals, that may invite you to get a complimentary copy of my newest book right back there. There it is, the money partner formula. You get a PDF version at investorattractionbook.com.