Private Money... how much do you "really" want?
I have been getting phone calls all day today from my private investors. It is a blood bath out there. These guys, well at least the smart ones, were all up 20%, 27% for 2007.
Just say their entire upside was destroyed in the last 5 days. There are not too happy about it. Liquidating positions, talking about muni bonds and of course the question they all called today for:
"What the &#@!* is going in real estate? Any foreclosures that I can put my money in right now..."
If you have private investors in your life - whether real or potential - tonight is a very good night to make a phone call to them and just ask them "So how are things? How is your new year going so far?"