Private Money Plays with Jay Conner - PART 2

Jake & Gino: Real Estate Investing & Multifamily

Jake & Gino

Commercialrealestateinvesting, Realestateinvesting, Cashflow, Smartinvesting, Apartmentinvesting, Investingsmart, Management, Buyingrealestate, Entrepreneurship, Business, Realestateinvestment, Multifamilyrealestateinvesting, Makingmoney, Buyingapartmentbuildings, Jakeandgino, Investing

4.9 • 842 Ratings

🗓️ 23 August 2018

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

In 2009, the bank shut down Jay’s credit. He was faced with a choice, give up the real estate game or find another way. Then he discovered private money and hasn’t missed a deal, due to lack of funding, since. "The Private Money Authority" talks with Jake and Gino about breaking away from the banks, flipping single family houses, helping others and avoiding the “Ima” mentality. Top Ten Private Money Flipping Houses Mistakes Made Business Models Rent to Own Multifaceting Foreclosing Helping Others Find, Fund, Flip, Automate And much more! Jay’s site: > ï½¿ jayconner.com Register on the investor portal and fill out the investor portal form:Create an Account – Rand Partners We want to see you at the October 6-7th Multifamily Mastery Live Event in Nashville, TN! Email Gino at gino@jakeandgino.com for a coupon code to save a little $ on your ticket price! Reserve your seat for Jake and Gino Live Event 2018 Apply For Us to Help You Make Your Multifamily Dreams a Reality!

Transcript

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0:00.0	Welcome to the Wheelbarrow Profits Podcast, where you get multi-family investing made real.
0:06.6	Learn from top players in the real estate investment world as they share their secrets with you
0:11.6	and discover proven strategies on apartment investing that actually work.
0:16.0	To learn more about wheelbarrow profits, visit jake and gino.com.
0:20.6	Your one-stop shop for everything multifamily.
0:24.2	Now to your host, Jake and gino. Jay, how did you start getting private lenders? You said 90 days,
0:30.7	you raised all that money. You were in the business, but what tips could you give the listeners
0:34.4	on how to start looking for private money, how to start that business?
0:44.6	Sure. So there are three primary categories on where to get private money from individuals.
0:50.9	The first category is what I call your own warm market. Who do you know who's in your cell phone,
0:56.9	who's on your email list? Who's your Facebook friends? If you're over 50 years old, you still got a Christmas card list. So I teach my students to do just what I did, and that is to identify in your own
1:01.4	more market your top 100 potential private lenders out of your own contacts.
1:07.9	And a lot of my students sometimes will say, hey, everybody in my war market is broke.
1:12.9	I don't know anybody, you know, with money. Well, number one, I don't believe that, right?
1:19.0	But no, I think. Go find some new friends.
1:21.2	Exactly. Well, that's the third category. The second category is existing private lenders.
1:29.2	Again, I'm not talking hard money.
1:31.5	I'm not talking brokers.
1:34.7	A lot of times when people hear private money, they're actually thinking or the person
1:39.7	that's talking about it's talking about hard money, brokers.
1:42.7	So for example, myself and all my
1:45.7	students that I teach we pay our private lenders 8% 8% whereas you know hard
	...

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