Summary
In a recent podcast episode, hosts Jay and Michelle discussed the concept of private money in real estate investing. Jay, who developed a successful system for attracting private lenders, shared his journey of learning about private money after a conversation with Jeff Blankenship in 2009. He explained how individuals can invest their capital in real estate deals, earning high returns without relying on traditional banks. The discussion emphasized the importance of mindset in attracting private money, as Jay highlighted that none of his 47 private lenders had previously heard of this funding method until he educated them.
The conversation took place in the context of real estate investment strategies, focusing on how to secure funding quickly and effectively. This topic is crucial for aspiring real estate investors, as it provides an alternative to conventional financing methods, enabling them to scale their businesses and close deals efficiently. The episode underscores the potential of private lending as a viable funding source, encouraging listeners to explore this often-overlooked avenue in real estate investment.
Chapters
00:03 - Introduction to private money
12:54 - Understanding private lending basics
19:41 - Attracting private investors
29:44 - Identifying potential private lenders
36:47 - Funding your real estate deals
44:18 - Conclusion and next steps
Learnings
What is the primary concept of private money as discussed in the podcast?
Private money refers to funds loaned by individuals, rather than traditional financial institutions, allowing them to earn high rates of return on their investment capital in real estate deals.
How did Jay initially learn about private money and its potential for real estate funding?
Jay learned about private money from a friend, Jeff Blankenship, who explained the concept to him, prompting Jay to study and develop a system for attracting private lenders.
What mindset shift did Jay emphasize as crucial for attracting private money?
Jay emphasized the importance of having the right mindset, focusing on attracting private money rather than chasing it, which involves no begging or persuading.
What common misconception about private lenders does Jay address in the podcast?
Jay addresses the misconception that private lenders are only wealthy individuals; he clarifies that his private lenders are ordinary people who were previously unaware of private money and its benefits.
What strategy does Jay use to communicate with potential private lenders?
Jay uses one-on-one visits to educate potential private lenders about private money, ensuring they understand how they can earn high returns safely and securely before presenting them with funding opportunities.
Show Notes
# Show Notes for "Money & You with Michelle Perkins"
## Episode 169: "Unlocking Wealth: The Power of Raising Private Money"
### Podcast Introduction
Welcome to "Money & You with Michelle Perkins," where we explore innovative strategies for financial growth and wealth creation. In this episode, host Michelle Perkins is joined by real estate expert Jay, who shares his insights on the world of private money and how it can be a game-changer for real estate investors.
### Episode Overview
In this enlightening episode, Jay discusses the concept of private money, how to attract private lenders, and the strategies he has developed to successfully fund real estate deals without traditional banking methods.
### Key Topics Discussed
- **Understanding Private Money:**
- Definition of private money and private lenders.
- How individuals can invest their capital in real estate deals for high returns.
- **Jay's Journey:**
- Transition from traditional banking to private money lending.
- Development of a repeatable system for attracting private money.
- **Mindset Shift:**
- Importance of having the right mindset to attract private money.
- Strategies to avoid chasing or begging for funds.
- **Building a Network:**
- How to leverage personal connections to find private lenders.
- The significance of educating potential lenders about private money.
- **Funding Real Estate Deals:**
- The process of getting deals funded quickly (in less than seven days).
- Structuring deals to avoid monthly interest payments.
- **The Role of Education:**
- Importance of educating both yourself and potential lenders about private money.
- Jay's book, "Where to Get the Money Now," as a resource for learning.
- **Practical Script for Funding:**
- A step-by-step script for approaching potential private lenders.
- How to present deals to lenders without directly asking for money.
### Key Takeaways
- Private money can be a powerful tool for real estate investors looking to scale their business.
- A positive mindset and education are crucial for attracting private lenders.
- Building relationships and networks can lead to successful funding opportunities.
- Understanding the mechanics of private lending can empower investors to take control of their financial future.
### Guest Information
**Jay** - Real estate expert and author of "Where to Get the Money Now." Jay has successfully raised millions in private money and has a wealth of knowledge to share about funding real estate deals.
### Conclusion
Thank you for tuning in to this episode of "Money & You with Michelle Perkins." We hope you found valuable insights into the world of private money and how it can unlock new opportunities for wealth creation. Don't forget to check out Jay's book for more in-depth knowledge and strategies.
### Call to Action
- Subscribe to "Money & You" on your favorite podcast platform.
- Share this episode with friends and family who may benefit from learning about private money.
- Rate and review the show to help us bring more great guests like Jay to our audience.
### Connect with Us
- Follow us on the Limit Free Life YouTube channel for more content.
- Join our community for ongoing discussions about money and wealth-building strategies.
Thank you for being part of our journey towards financial empowerment!
Newsletter
**Email Subject:** Unlock Wealth with Private Money: Tune into Our Latest Episode!
**Email Body:**
Have you ever considered the untapped potential of private money? In our latest episode of "Money & You with Michelle Perkins," we dive deep into the fascinating world of raising private money and how it can transform your real estate ventures!
In **Episode 169: "Unlocking Wealth: The Power of Raising Private Money,"** we speak with Jay, a seasoned investor who turned his funding challenges into a remarkable success story. Imagine sourcing millions in private money for your deals—all without the risk of rejection or the strain of traditional banks!
What's in it for you? Here’s a sneak peek of what you'll learn:
- **Attract, Don’t Chase**: Discover how to attract private lenders effortlessly and build a network that funds your deals without begging or persuading.
- **Real Success Stories**: Hear how Jay secured his first $250,000 and built a portfolio with 47 private lenders—none of whom had ever heard of private money before Jay showed them the way!
- **Tips and Tricks**: Get ready to take notes! We’ll provide you with the exact script that has helped Jay turn conversations into funded deals, ensuring you’re never left empty-handed.
- **The Strategy Unveiled**: Learn how to structure your investments so you can fund your deals quickly while avoiding the usual monthly interest payments.
Whether you’re a seasoned pro or just starting out, there’s something valuable in this episode for everyone interested in real estate investment. You’ll walk away equipped with insights that are not only practical but also empowering.
What are you waiting for? Tap into the much-talked-about world of private money and unlock new financial opportunities by listening to this episode today!
**Don't miss this chance to revolutionize your investment strategy—listen to Episode 169 now!**
Catch us on your favorite podcast platform or visit the Limit Free Life YouTube channel. We’d love to hear your thoughts, and if you enjoy the episode, be sure to rate and review us so we can keep bringing you great guests like Jay!
Here’s to your financial growth and success!
Best,
The Money & You Team
Social Posts
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Want to learn where to get the money for your real
