Closing Deals with Private Money: A Step-by-Step Guide for Real Estate Investors

8 months ago
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Closing Deals with Private Money: A Step-by-Step Guide for Real Estate Investors

Welcome to another amazing episode of Raising Private Money with Jay Conner!

Today, we are joined by our top coaches, Chaffee Thanh-Nguyen and Crystal Baker, and their students, Michelle Caudill, Greg Caudill, Angela Minnis, and Jerry Owens to discuss the challenges and rewards of real estate investing, specifically focusing on raising and leveraging Private Money.

One topic that stood out from the episode was Jerry Owens' experience with partnerships in real estate investing. Jerry shared how he learned the hard way that partnerships can be like a bad marriage. It became clear to him that having a solid foundation of Private Money in his business was essential to avoid potential complications and conflicts. This highlighted the importance of following the advice of The Private Money Authority, Jay Conner, who always emphasizes the need to get the money first.

Chaffee Thanh-Nguyen reaffirmed the significance of raising Private Money in real estate investing. He encouraged all listeners, regardless of their level of experience, to prioritize obtaining private funding before diving into deals. He mentioned Jay Conner's five-step process, which can be found in Jay's book, and how it lays the groundwork for successful Private Moneyraising. Chaffee also explained how their Platinum Plus and mentorship programs provide further guidance and support to ensure investors stay on track.

Another question that arose during the episode was the benefit of lease options versus seller financing for selling properties. Angela Minnis sought clarification on this matter for a property she had owned for over a year. While Angela acknowledged that she wasn't focused on capturing depreciation, she wondered why she shouldn't just sell or finance it herself to maximize interest over time. Crystal Baker addressed her query and provided insights on the differences between lease options and seller financing, taking into consideration the control and ownership aspects.

These valuable discussions shed light on the intricacies of real estate investing and the power of Private Money. It goes to show how crucial it is to educate yourself on different strategies and leverage the expertise of seasoned investors like Jay Conner, his team, and the guest speakers on the Raising Private Money Podcast.

Timestamps:
01:02 - Has experience in real estate but needs help with private lending?
05:35 - Private Money and lease options
09:49 - Seller financing, deed transfers, and best protection in the financial aspect.
12:42 - Stay motivated, take action, and ask for help.
14:53 - Gain knowledge, download Jay’s free guide, and skyrocket profits.

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What is Private Money? Real Estate Investing with Jay Conner
http://www.JayConner.com/MoneyPodcast

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 $67,000 per deal.

https://youtu.be/eLuJro97agQ

#RealEstate #PrivateMoney #FlipYourHouse #RealEstateInvestor

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