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Wholesale Hotline | Brent Daniels

4 Steps On How To Raise Private Capital | Subto Live Show

Wholesale Hotline | Brent Daniels

Wholesale Hotline

Business, Investing

4.9 β€’ 586 Ratings

πŸ—“οΈ 29 June 2023

⏱️ 19 minutes

🧾️ 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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🚧🚧🚧 DISCLAIMER 🚧🚧🚧

❎ I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a Podcast for entertainment purposes ONLY ❎

Transcript

Click on a timestamp to play from that location

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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