The Blueprint to Raising $1.1 Million in Private Money with Willie and Haruna Oyola

#realestate #privatemoney #jayconner

In a recent episode of the Raising Private Money podcast, Jay Conner, known as the Private Money Authority, hosted an inspiring session with Willie and Haruna Oyola. This husband and wife duo have successfully raised over $1,100,000 in private money for their real estate ventures, bypassing traditional banking routes. The conversation delved deep into their journey, their strategies, particularly buying properties subject to existing notes, and how they effectively leveraged private money to expand their portfolio.

The Traditional Route vs. Private Money
Willie and Haruna began their real estate journey in 2015 using conventional banking loans. These loans required substantial down payments and came with the stringent limitations set by banks. Eventually, they reached a point where the traditional method capped their growth potential. Discovering the world of private money through Jay Conner's podcast was a game-changer. Private lending offered flexibility and scalability, drastically different from the restrictive terms of traditional banks.

The Journey to Raising Private Money
The Oyalas first educated themselves through Jay Conner’s resources and soon attended a live Private Money Conference. This pivotal shift allowed them to break through significant barriers in raising private funds. Haruna played a crucial role by encouraging Willie to fully commit to the process. For newcomers interested in private money, the advice is straightforward: seek education and mentorship, as these can accelerate learning and execution in the field.

How to Start: Networking and the Elevator Pitch
A crucial piece of advice shared by Willie and Haruna is the importance of networking and having a refined elevator pitch. An elevator pitch is a concise, compelling introduction to what you do, designed to spark interest in brief interactions. They emphasized the need to create a succinct pitch and leverage networking opportunities to share your goals and attract investors. This initial step is vital for anyone looking to raise private money.

Understanding Subject-To Deals
One of the strategies that Willie and Haruna have effectively combined with private money is purchasing properties ‘subject to’ the existing mortgage. This method allows investors to acquire properties without needing to secure new financing. It is particularly attractive when dealing with distressed sellers, as it provides a viable solution for them while offering favorable terms for the buyer.

Timestamps
00:01 Raising Private Money Without Asking For It
05:01 Conventional Real Estate Investment Path
08:06 Private Money Conference Overview
10:31 Private vs. Institutional Lending
14:21 “Private Money Teacher” T-Shirt Explained
19:13 Motivation Behind Distressed Property Sale
21:05 Distressed Property Sale Analysis
24:05 Secure Loan-to-Value Strategy
27:11 Rent-by-Room Strategy for Profit
31:46 Self-Directed IRA Investment Advice
32:46 Connect with Willie and Haruna Oyola: https://www.instagram.com/willieoyola/
34:12 Jay’s Free Money Guide: https://www.JayConner.com/MoneyGuide

Private Money Academy Conference:
https://www.JaysLiveEvent.com

Free Report:
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Join the Private Money Academy:
https://www.JayConner.com/trial/

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

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.

#RealEstate #RealEstateInvesting #RealEstateInvestingForBeginners #Foreclosures #FlippingHouses #PrivateMoney #RaisingPrivateMoney #JayConner

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