EP 169: "Unlocking Wealth: The Power of Raising Private Money"

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