Private Money Fundamentals: Key Strategies for Success

Oct 19, 2023

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Welcome back to the Raising Private Money Podcast! In today's episode, we have a special treat for all of you real estate enthusiasts out there.

Joining Jay Conner is Rod Wilson, who has an impressive track record of raising millions of dollars in private money for his real estate ventures.

In this episode, Rod will share his invaluable insights and strategies on how to secure the best private money financing. With over 30 years of experience in the real estate industry, Rod has mastered the art of locating new private lenders and initiating meaningful conversations that lead to successful financing deals.

In addition to his vast knowledge and experience, Rod will discuss his recent projects involving residential rehabs. He'll dissect the process of obtaining construction holdback funds and shed light on the challenges he faced, including delays in payment and the impact on project timelines.

Jay and Rod will dive deep into the importance of quick and efficient access to funds, especially in today's competitive market. Rod will also share his personal journey from self-funding his deals to the realization that utilizing other people's money maximizes profits and expands business possibilities.

Throughout the episode, you'll discover the power of building relationships with private lenders and traditional lenders, as well as the impact it can have on your net worth.

Rod will emphasize the significance of crafting a compelling story that builds trust with lenders, including sharing both numbers and personal experiences.

So, whether you're a seasoned real estate investor or just starting out, get ready to take notes and absorb the wealth of knowledge that Jay Conner and Rod Wilson have to offer.

This episode is packed with practical tips, valuable insights, and a dash of inspiration to help you secure the best private money financing for your next real estate venture!

Timestamps:

01:19 - Raising Private Money For Your Real Estate Deals

03:22 - Private Money Academy Conference: Oct 25th, 26th & 27th, 2023

https://www.JaysLiveEvent.com

06:00 - Connect with Rod Wilson: https://www.Rod-Wilson.com

06:42 - Transition To Private Money, Transform Your Real Estate Business

10:20 - How Private Money Luncheons Can Help You Raise More Private Money

13:46 - Your Net Worth Has A Direct Correlation To Your Net Worth

14:19 - Raising Private Money Is All About The Shift In Mindset

18:04 - Keep Your Credit Score As High As Possible

20:11 - Focus On Telling Your Story

23:08 - How To Maximize Value On Your Fix And Flips