The 4-Second “Power Pitch” for Raising Capital for Real Estate
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- Опубліковано 9 лип 2024
- Raising capital for real estate is at some point what every investor must do. When you’re buying your first rental property, you can easily use your cash savings or a conventional loan to close on the property. But, on your second, third, fourth, or one-hundredth deal, finding the money (or financing) to get the deal done may start to get a little difficult. So how do you come up with the money to buy more rental properties, house flips, or commercial real estate, WITHOUT asking your parents, grandma, or friends for cash?
Amy Mahjoory has raised $20M from private money lenders, none of which are related to her (she makes sure of that). Think of Amy as a capital connector, getting to know as many existing, or potential, private money lenders as possible. We know what you’re thinking, “private money lending sounds complicated, don’t only big investors do that?” Think of a private money lender as anyone who has money, isn’t doing much with it, and wants to make more of it.
These lenders could be your taxi driver, your dentist, or maybe a friend of a friend. Private money is all around you, and if financing or cash reserves is what’s stopping you from doing more deals, we urge you to take the four steps that Amy outlines today. There’s a good chance you already know a private money lender!
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Join BiggerPockets for FREE:
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Access Brandon Turner’s Free Masterclass:
www.biggerpockets.com/reshow?...
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Grab the Book “Raising Private Capital”:
store.biggerpockets.com/produ...
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How to Find Private Money Lenders and Finance Your Deals:
www.biggerpockets.com/blog/fi...
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10 Ways to Build a Reputation as Your Market’s Premier Real Estate Investor:
www.biggerpockets.com/blog/20...
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Hard Money vs. Private Money:
www.biggerpockets.com/blog/ha...
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Connect with Amy:
Website: amymahjoory.com/
LinkedIn: / amy-mahjoory-bb299511
Instagram: @amymahjoory or / amymahjoory
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Connect with Rob (Robuilt) on UA-cam, Instagram, Tiktok, and Twitter:
UA-cam: / robuilt
Instagram: / robuilt
TikTok: / robuilto
Twitter: / robuiltchannel
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Connect with David and Rob on BiggerPockets:
David: www.biggerpockets.com/users/d...
Rob: www.biggerpockets.com/users/r...
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Follow David on Instagram:
@davidgreene24 or / davidgreene24
Episode 626
Show notes at: www.biggerpockets.com/blog/re...
00:00 Intro
02:14 Quick Tip
03:31 Fixing, Flipping, and Passive Investing
09:26 Building a Reputation Worth Raising Money
13:25 The 4-Second "Power Pitch" for Private Money
23:23 Contracts, Notes, and Mortgages
25:56 Mitigating the Fears of a Potential Lender
32:34 How to Start Raising Private Money
42:25 Building the Foundation (and Friendships)
#biggerpockets #realestatepodcast #ep626
This is one of the BEST episodes I’ve watched. Great guest, Amy is the real deal.
i agree to this!!
Yes she is. A no nonsense and straightforward path to raising money.
This is so annoying. What happened to the good old days where bigger pockets had Real Investors on who where Willing to share their success and failures. They just loved talked real estate and weren’t trying to sell anything. Now, pretty much all the guest are just trying to sell their Guru sales pitch. As soon as I hear a guest say, “ one of my students” I immediately write them off as not a real estate investor and just some wannabe Guro. The people who are really out there buying real estate, don’t have time to sit on the phone and “coach” people. She seems like a scam who is just repeating and repackaging all the stuff she heard her guro tell her. Go out and find deals on your own. Don’t get sucked into a scam. I have 140 units and 20MM in real estate with one partner. No syndication, no fake inflated numbers of thousands of units that they own 1 percent of. There is a lot of smoke and mirrors so be careful.
Thank you so much for your comment man I've been noticing a lot of these people are either this or really skip over the fact they somehow shook hands with and partnered up with someone willing to sign some paperwork over for a hundred thousand dollars to someone with no prior experience in industry like getting a mcchicken at a McDonald's drive thru. Do you have any recommendations people or literature I could get some valuable insight on that may have helped you out? Thanks.
Sounds like you should be on the next episode!!
I really liked the Power Pitch and the 20 second follow-up. Thanks for the remix on the 20 second follow up when you were at minute 45:00.
Hi y’all, I’m in Fort Worth Texas! I’m a private lender here!
Can you send me your information?
Hey could I get your info, I’m also in Fort Worth TX
Would love to connect as well!
Hi!
Just wondering, would you lend to borrowers out of the state?
Messaged you!
This could not have come at a better time for me. Thank you Amy!! 🔥🙏
Amazing information - love the clear, practical and actionable content
Great question great question great question great question great question great question great question
Great interview, stay positive and always selling, always pitching, insider how to information that you don’t get hardly anywhere!!! Luv it!!!
Interesting take on airport and airplane conversations. I travel a bit and have noticed some people are more open because they are possibly going to a new place and are open at that moment to new things, ideas, and experiences. Possibly law of attraction at play. Just a thought. Thanks again you all.
Very powerful information looking forward to part 2!😊
Thank you so much!
Power pitch. Love it, I will start today.
Thank you and excellent!
When people are at Walmart or Home Depot they are on a mission. When you're on a plane there's nothing to do but sit. So people are looking around and absorbing the environment.
Double digit returns , I should be a private money lender first and build my capital .
That's also a great strategy!
How can I structure a deal to have multiple PMLs for 100% of the purchase and rehab for a SFH deal instead of using just one PML? Who would get the the first position lien on the property be given?
If I use a HML to give me 75% of the purchase and 100% of the rehab and I use a PML for the remaining 25% of the purchase, what documents would I use to protect him and to make the PML feel protected? Would it be a deed of trust but in second position (not first because first would be for the HML), a promissory note, a beneficiary on the insurance, and a personal guarantee?
Actually a very informative episode
Awesome podcast amy I’m in Chicago west burbs oak park Forest park!!
thanks for Real Estate 😎
Hello. Can you guys provide information or create new episode on how to set up the documents and entire deal to get private investors. How the entire paperwork looks like, how is it backed up investor money by house i am buying, etc.
I buy with my own money and hard money . So wants to see what are pros of private over hard money. And also how do I set up.
Amen!
If your going to just pay a flat interest rate to borrow money from private individuals, what percentage do you use? And what’s the time period to pay back? I have people I can borrow from, I just don’t know what the terms should be.
I think David mentioned he uses a 10% return guarantee, but it's probably all dependent on the strength of the deal. For a short-term investment like for a flip or BRRRR it seems practical for the length just to be for the life of the loan until that initial investment is recouped. It all varies dependent on how long the money is needed essentially, so meaning for a longterm buy and hold type situation, it'd seem like it's an ongoing partnership and probably paid back to the investor on an annual or monthly basis
I still like to offer a 12% annualized return for 12 months.
Any points Amy or do you negotiate that?
I heard you say no points. Thank you
I just lent out money on a project that needed the money for 60 days and it paid 20%. So if I gave $20K, they gave me $24K 60 days later. 😊 good luck.
Great question great question. Annoying interview, wished I cut this one shorter. Just there to plug her own.
what is the name of the coaching program she invested in?
Rob stop bouncing your leg when you talk. It looks like your camera has issues. lol. You are not nervous! - Love your stuff.
Please send info how to get in touch. I’m interested to learn mie and to see the possibility to jump into investing sent the video as well with the abcs
Lol the intro :))
That was a big sales pitch.
I love her power pitch. When I tell people that I am a "real estate investor", people ask me "So you sell houses?" 🤣
haha, I can relate to that as well and thank you for the kind words!
Cool topic, still in the process of listening to the episode but I can tell the guy with glasses annoys David and he annoys me too 🤪
I’ve very good at building rapport--however when it’s a man--they want “more” than just a partnership. It’s not evident right away--though that’s what it turns into because I’m naturally charismatic. Any suggesting? I don’t want to dumb myself down to not be “attractive” as a person. I’d like to always be myself.
Who was her coach?
I've had many coaches in my real estate business but none for raising private money :) That's why I became a private money coach.
@@AmyMahjoory123 Love your speaking skills and info! Turning the table on how to aquire the green! Hands down, You Rock!
This one would’ve been better w just Greene asking questions and not the kid rambling
I hate this episode episode she sounds too cocky and puts the hosts opinions down.
Use "great question" way too much, plus annoyng voice🤮🤮
Thank you!
Go nothing better to do huh ?
she's a well oiled public speaker, sounds like you have issues with confident women man-boy
She was a horrible guest that was just trying to stay on her pitch points. Definitely not one of the better BP interviews.
This is probably the biggest L you'll take is not understanding how valuable these videos are...
Really?!....man-boy actually try it, you may like it, hmmm just a thought