The Reason
Here it is. The biggest reason why private investors are much more open to hearing a real estate investor out in Michigan than ever before. Their stock portfolios are bleeding red ink. No other place to put their money to work. Money market accounts are paying peanuts.
Even sending an email out to everybody on your email list with this image above and asking them to call you if their own stock portfolio has taken a hit will probably get you 1-2 serious private investors. But nobody can partner up with you unless you let them know that you are looking for one. So if you are waiting for private investors to “discover” you.... THAT is not going to happen.
Talk to lots of people. Tell everybody what you intend to do in 2009. Few would snicker. That is fine. But you will get private investors out of these casual conversations. Most real estate investors in Michigan need 1 to 4 good private investors to meet all of their private funds needs. This is a good start.