Private Banker mean Private Financing from regular people like your neighbors.

A great marketing profile for a Private Banker is:

• A Home Owner
• Same job for 5 years
• Same residence for 5 years
• Good Payment History
• Not a lot of credit card debt
• Wants a good annual rate of return

Marketing for Private Bankers

There are 2 types of Private Bankers:

1. Joint Venture Partners
Joint Venture Partners are like the above description of a Private Banker:
Home Owner, great credit rating, wants a good annual rate of return.

You ideally want a a JVP to:
Put 20% cash down
Get an Investor Loan with cheap costs
You as the REI do all the work, such as running around for supplies, paying bills, supervising building contractors, etc.
Pay for fix up and re-marketing costs, such as advertising, etc.
Split true net profit with you 50% - 50%

Look for cheap 4 bedrooms, fenced yard, 2 car garage, good school districts for kids.

I teach you how to:
Prospect for JVPs
Present & Sell
Handle Sales Objections
Deal with Contracts (you need your own attorney)

Then we go get CPAs to refer us business, once we get a few deals done.

Avioding banks is what this kind of Financing is all about!

Next is First or Second Lien Lender Private Banker