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What you’ll learn in just 17 minutes from today’s episode:
- Discover why passion is the key to real estate investing success
- Learn the things you need to consider when looking to raising private capital
- Find out the number one roadblock that prevents real estate investors from moving forward to success.
Rich Danby is a full-time Real Estate Investor, Professional Speaker, Coach, Mortgage Agent, Owner of Rich Ottawa Investments, and the President of Ottawa Real Estate Investors Organization.
(Plus he’s a husband and father…so you could say he’s a pretty busy guy!) With someone who has been there, done that, it is but right that Rich is the authority when it comes to raising private capital. His knowledge about networking and doing it the right way comes in handy. The wisdom gained through his experience makes him eligible to share his expertise on the matter and to help prep yourself for success.
00:56 – How he ended up in the real estate
01:57 – The different real estate strategies he has done and what’s he focused on at this time
04:22 – How does he help other investors raise capital
06:52 – Common mistakes newbie investors commit when raising capital by themselves
09:35 – How to look the part of being a real estate professional
10:47 – Tips about networking for introverted people
13:33 – What makes him tick as a real estate investor
14:49 – Bad habits that hold us back from moving forward to success
15:37 – Book resource: Outwitting the Devil by Napoleon Hill
“Common mistake for newbies is that the reality is that most of them don’t actually know what they’re selling. What they do is they show up at these networking events and they understand the importance of networking, but they don’t actually have a product.” – Rich Danby
“Contracting was a tremendous failure for me and if I look back on the history of everything I’ve done, the thing that I least enjoy is dealing with contractors. I’m now going to stop it because I have gifts and I want to use them and I want to reach more people. And I can do that if I’m helping other people raise capital for their projects as opposed to being limited only by the amount I can manage on my own.” – Rich Danby
“I think it has to do with confidence and repetition. If you are getting in front of a coach or a family member or anybody who you can practice on, that would be a great start. The other thing is to remember that if you truly are adding value, you have absolutely nothing to be nervous about because as you know, there are way more investors out there than there are deals. – Rich Danby
“You are actually the real deal and if you have a great system, you have a great model, you have a great plan and you’ve really looked at the numbers and it’s a great deal, then you should have all the confidence in the world to raise the capital and that confidence alone will be enough to get it done.” – Rich Danby
“If you’re going to go out to any event and you’re going to invest your time into something, you should know in advance what you want to walk away with.” – Rich Danby
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