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- Real Estate Investors Newsletter | No.14
POST OF THE WEEK
What would be best starting a business or buying a house?
Someone posted that in the group here.
Our group responded with some bangers…
House hacking is technically doing both
How about start a business buying houses?
Start a successful business is hard, buying a house is easy! Start a business, take the profits to buy a house. Then you have a business and a house!
Sounds like starting a business would be best…
PODCAST OF THE WEEK
Using Private Money In Real Estate Deals w/ Jay Conner
Do you dread filling out lengthy bank loan applications, only to get denied due to strict lending requirements? Are you searching for a reliable funding source to build your real estate portfolio? Jay Conner felt your pain. Despite being a nationally renowned real estate investor, he struggled to find funding for his deals.
Excessive bank fees, changing rules, and surprise funding cuts during downturns made things difficult. Conner knew there had to be a better way. Through tireless research, he devised a revolutionary private lending system that secured him over $2 million in funding.
Dubbed "Where To Get The Money Now," his proven techniques can help you tap into almost unlimited private capital. Conner has used this system to generate massive profits annually in his small town. Best of all, his approach focuses on servitude and shared knowledge, not high-pressure sales tactics.
If you're ready to unlock the private funding secrets that can take your real estate investing to the next level, be sure to listen to Jay Conner's insightful podcast. You'll come away armed with the tools and mindset to consistently fund profitable deals.
TIP OF THE WEEK
The Morby Method
Tired of the big banks saying no? The Morby Method is a creative financing strategy that allows real estate investors to purchase multifamily properties with minimal personal capital.
It involves negotiating with sellers to provide up to 35% of the purchase price in seller financing at a low 3-4% interest rate in the second position, instead of requiring a large down payment.
The remaining 65% is brought in through private lenders, putting down just 65% of the purchase price using loans at 10-11% interest. A new promissory note is created in the first position on the property.
By blending the low interest seller financing with higher interest private lending, an average blended rate of 8-9% can be achieved. This allows the investor to cash flow from day one.
The Morby Method empowers investors to negotiate and close great real estate deals without large amounts of cash upfront. But the key is persuasively articulating the win-win benefits to sellers to get their buy-in.
DEAL DOCTOR
Got a stuck deal? Let the Deal Doctor diagnose it!
I have a couple million sitting that I need to put to work. If you have any multifamily leads where seller financing may be possible, email me the details before you walk away.
I’m willing to pay a substantial finder’s fee if I can close on properties other investors can’t. I have expertise in creative finance strategies that allow me to fund deals even when traditional financing is difficult.
So if you have a multifamily lead where the numbers are challenging, don’t leave that on the table. Reach out to me first and I’ll make it worth your while if I can make the deal happen with my available capital.