3 years ago

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Raising private money for your real estate development projects can be as easy as you want it to be, as long as you know your numbers well. It’s important that you’re confident in showing private lenders everything they need and if you don’t know how to do it on your own, you don’t necessarily have to!

Watch this video to better understand how you can attract private money for your projects and how you should deal with them when you’re starting out!

Key Talking Points of the Episode

[00:00] Introduction
[01:40] How can you begin attracting private money?
[02:48] Why are the numbers critical in a real estate development project?
[03:10] Why do you need to be working with someone who has experience?

Quotables

“My family was willing to invest in me, at least the down payment. We had to go hard money for the first loan, but at least I had enough to sustain the project to keep the project going, put the down payment, and still make the interest payments as I was going through these projects.”

“Any extra capital that I needed was funded by private money, essentially.”

“For me, it was really about knowing the numbers because you have to treat them like investors. This is a business and you have to know the numbers like the back of your hand.”

“If you don’t know your numbers and you’re stepping into this for the very first time, I hope that you partner with somebody who knows exactly what they’re doing or you have a coach that’s walking you through the process.”

“There are so many moving parts in real estate development. Yes, there’s a lot of money to be made but at the same token, there is a lot of risk and a lot of moving parts and elements, so if you are not a pro at it or don’t have a coach, then I would recommend that you at least JV with somebody who does.”

“There are a lot of ways to creatively layout your deal, it’s just a matter of knowing your numbers at the end of the day.”

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Private Money Academy Conference: https://www.jayconner.com/learnrealestate/

Have you read Jay’s new book: Where to Get The Money Now?
It is available FREE (all you pay is the shipping and handling) at https://www.JayConner.com/Book

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Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $64,000 per deal.

#RealEstate #PrivateMoney #FlipYourHouse #RealEstateInvestor

What is Real Estate Investing? Live Private Money Academy Conference
https://youtu.be/QyeBbDOF4wo

YouTube Channel
https://www.youtube.com/c/RealEstateInvestingWithJayConner

iTunes:
https://itunes.apple.com/ca/podcast/real-estate-investing-minus-bank-flipping-houses-foreclosure/id1377723034

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