4 Steps On How To Raise Private Capital | Subto Live Show
Wholesale Hotline | Brent Daniels
Wholesale Hotline
4.9 β’ 586 Ratings
ποΈ 29 June 2023
β±οΈ 19 minutes
ποΈ Recording | iTunes | RSS
π§ΎοΈ Download transcript
Summary
On today's Wholesale Hotline Podcast (Subto Live Edition), Pace Morby gets on the phone with a potential private money lender.
Show notes -- in this episode we'll cover:
- Pace breaks down the benefits of real estate vs other investments.
- What a promissory note is and how it works.
- Full mechanics of how private lending works in real estate.
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Transcript
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| 0:00.0 | You're listening to the Sub 2 Breakhouse with Pace more beyond the wholesale hotline podcast. |
| 0:12.2 | Hey Pace, I want to raise private money. Where do I find private money lenders? Where do I find |
| 0:17.2 | people that will invest in my real estate business? Well, guys, we actually have one of my |
| 0:20.9 | students, Michael Williams, brings one of his private lenders into a private Zoom with my other |
| 0:26.7 | students and ask the question of pace. How do I raise money? I've got my lender sitting here |
| 0:31.6 | right here with me. What's the documents I need? What's the steps do I take? And ultimately, |
| 0:36.9 | this lender ends up investing |
| 0:39.4 | with me. We end up getting about $60,000 that that money has already deployed into some of |
| 0:44.4 | our fix and flips. And it's a great video to see exactly what you need to raise private money |
| 0:49.8 | with your friends and family. I've never seen anybody actually bring on a live investor and walk |
| 0:57.0 | that investor through and educate them on all the things that are going to need to be signed |
| 1:01.4 | and detailed out when raising private capital for your real estate deals. So the question of |
| 1:06.9 | how do I raise private capital for my real estate deals is pretty detailed in this question |
| 1:12.3 | and answer coming up. What's going on, base? How are you doing? All right. You hear me? I sure |
| 1:17.9 | can. How can I help you, Michael? I got a friend right here. He came into somebody. He's interested |
| 1:24.8 | to be in a private underwent. i just wanted you to explain to him |
| 1:30.5 | the advantages of being a private lender to someone in real estate oh i man don't get me excited |
| 1:37.8 | i'll be i'll try and take his money from my projects dang um so michael there's so many advantages. It's so interesting. So I've got |
| 1:46.2 | Tanisha here with me right now. Okay. And her and I went to lunch today and she was talking about |
| 1:50.1 | how she's currently private lending some of her money as well because her where her money was |
| 1:55.7 | before made her $12 last year. $12. All her money sitting in bank accounts and 401ks and all |
| 2:04.5 | that kind of stuff made her $12 last year. |
... |
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