Why Would Someone Lend You Money?

Simon looks into the common concern many aspiring property investors face: why would someone lend them money? Simon explains that successful investors often rely on other people's money after exhausting their own resources, and encourages you to rethink your approach to asking for funds, suggesting you position yourself as offering an opportunity for profit rather than begging KEY TAKEAWAYS Many successful property investors eventually run out of their own cash and must rely on other people's money. This can include traditional financing methods like mortgages, credit cards, or overdrafts, which are all forms of using someone else's funds. Instead of approaching potential lenders with a mindset of begging for money, consider positioning the conversation as an opportunity to share profits. This shift in perspective can make the interaction feel more positive and collaborative. Avoid making assumptions about who has money or who would be willing to lend it. People may have financial resources that you are unaware of, and it’s important to communicate your investment opportunities to those in your network. When seeking loans, it’s crucial to establish trust with potential lenders. They are more likely to lend money if they believe in your ability to generate returns and repay the loan. Educating yourself about property investing can enhance your credibility. BEST MOMENTS "I want to change the way you look at this. I want to change your belief because the reality is most successful investors... generally run out of their own cash and they have to use other people's money." "Imagine you're going to people and saying, who do you know who might want to share some of my profit? That is a totally different positioning." "If you don't tell them about your property investing... you're stealing the opportunity of them making money because you're not even telling them about the opportunity." "When someone lends you money, they're lending it to you because they like you and they trust you and they believe you that you're going to give them a great return." "When you learn how to find good deals, you don't need to use your own money. There are plenty of other people out there who will fund those deals for you." VALUABLE RESOURCES If you want to learn more about how to use other people's money to invest in property, register for this online training with simon: https://property.isrefer.com/go/MTG/PodcastA/ To find your local pin meeting visit: www.PinMeeting.co.uk and use voucher code PODCAST to attend you first meeting as Simon's guest (instead of paying the normal £20). Contact and follow Simon here: Facebook: http://www.facebook.com/OfficialSimonZutshi LinkedIn: https://www.linkedin.com/in/simonzutshi/ YouTube: https://www.youtube.com/SimonZutshiOfficial Twitter: https://twitter.com/simonzutshi Instagram: https://www.instagram.com/simonzutshi/ Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32. Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003 www.pinmeeting.co.uk   pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors. Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way.  How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth. Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book. Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals.