Sunday, September 12, 2010

Raising money for your portfolio


This process will take you some time and money but could land you huge profits. When your raising money for anything make sure you talk to a lawyer before you start doing anything, You can get into some securities issues.

One way to do this is to get a partner. I would use an LLC (limited liabilty corp) to set this up. You can have you and your partner or partners on as members and it creates a great vehicle for you to go into partnership. I highly recommend a third party running all the money. Escrow companies are great for this.

If your going to raise money make sure you have a business plan. Not a do it yourself one but one drawn up by professionals. You can find some great companies that do this on the internet starting at $200 and it goes up from their. These types of plans make you look very professional and will open new doors for you.

Another way to raise money is simply advertise what your buying in the area your in. For example if your in Phoenix maybe craigslist,google,facebook,Lindkin and many more. Be very consistant when your doing this because it may take a while. I've had my company for 4 years and being very consistant on advertising is crucial.

You may also want to make yourself a website to do this. Again consult with an attorney and make sure your not breaking any security laws. This is a great way to advertise, just remember the website itself will need advertising in search engines,SEO and alot of other things. You can easily find someone to do this at Elance.com. It is a great resource for both websites and marketing your website.

Lastly I want to go over setting up a receptionist. You can get them online for as low as $50 a month. They take 100 calls for that price and they will email or text you your messages. Make sure they are professional and answer the phone. This is a great way to market and look professional expecially if your working a full time job.

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Brett young
Valley Realty
Owner/ CEO Roof Top Investment
Real Estate Investment

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