FAR 023 You need money to do this business. If you don't have your own money, you need either an investor or a lender, but somehow, you have to find the money. The best source of money for an individual deal is a Private Lender. But how do you find private lenders? And how do you get them to commit to funding your deals? Learn how today in my conversation with Jay Conner from Morehead City, NC. Emails: Elinore from Milwaukee writes, “We have just finished our first project and it’s time to list it. My husband and I are considering whether we should hire a staging company. What are your thoughts on staging?” Randall from Boulder, CO writes, “Properties are so expensive here, the cost of a hard money loan makes it very difficult to find a deal that will work. Any suggestions?”
- Pay close attention to today’s guest, Jay Conner, talking about Private Money
- Consider flipping remotely in other areas.
- Consider a Joint Venture.
- Make sure you trust your venture partner(s)
- Make sure the paperwork is airtight (Legalshield attorney can help with that at no charge).
William from Long Beach, CA, “Appreciate the show. I picked up a foreclosure that is in pretty good condition. The paint on the walls is in great condition but it’s a light green color. My realtor called it “sea-foam green” and said it’s got to go. I don’t want to spend the $3500 to paint the house. What do you recommend? Interview Guests: Jay Conner, Raising Private Capital