Raising Funds And Crowd Funding Basics With Heath Binder

In today's Best Passive Income Model podcast, Mark talks with Heath Binder—head of investor relations for RealtyMogul.com. Heath is a crowd  funding expert and in just two years, he has helped raise over $180,000,000! Heath shares his journey from real estate to private wealth management, and finally to real estate crowdfunding. Listen in as we talk about: The definition of an accredited investor The benefits on an online platform like Realty Mogul Why choose a crowdfunding platform over your family and friends network Capital raising tips One of the most important tips, which is applicable no matter what type of business you're in, you want to have a real sense of transparency. You need to establish trust with the people who are gonna give you their business. Also, Heath doesn't view investors who pepper him with due diligence questions as an impediment but rather as a learning process for his junior guys.  That can also be said for land investing, whether you're a newbie or seasoned investor—we all may prefer easy, problem free due diligence, but the learning comes from the ones that make you work! Don't look at it as a hindrance, but an opportunity for growth. There is a lot of great information about real estate crowdfunding in this episode. Plus, commendable business practices for building a creditable business! Listen in now for all the details! TIP OF THE WEEK Mark: I recommend learning more about RealtyMogul. It's not a bad place to park your money with ROI averaging at about 9%. Heath: I recommend Happiest Baby on the Block by a doctor named Harvey Karp. I also recommend checking out FiveThirtyEight.com for the latest news on the elections. Finally, go check out TechnologyInvestor.com. Thank you for listening to the Best Passive Income Model podcast. Your support helps me to invite guests who share their knowledge that you can use to grow your business.