62 min listen
654: Private Money Explained Part 3: The "Credibility Pieces" Lenders Love to See w/Amy Mahjoory
654: Private Money Explained Part 3: The "Credibility Pieces" Lenders Love to See w/Amy Mahjoory
ratings:
Length:
60 minutes
Released:
Aug 28, 2022
Format:
Podcast episode
Description
Finding a private money lender is far less complicated than people think. Striking up a ten-minute conversation could be enough to find your next round of private money. At least that’s how it worked out for Josiah. Josiah is a small business owner, running a pool cleaning business while building up a small portfolio of rental properties. He sees dozens of new faces every day, and those new faces directly translate into new opportunities.After hearing our past episodes with Amy Mahjoory, Josiah took some of her tips and began pitching his deals to everyone he encountered. Now, he’s got some private money lenders lined up for his new multi-unit, four and a-half acre, short-term rental real estate deal. We told you—raising private money is a lot easier than most people think! But we’re not just talking to Josiah today. We also have Amy back on the show for part three of her private money masterclass.This time, Amy talks about building the “credibility pieces” that give private money lenders confidence in you, your team, and your deal. These range from presentations to deal reviews, calculators, and more. These private money tools took decades to build and Amy still uses them today! Interested in testing out some of Amy's private money-raising tools? Check out the BiggerPockets Real Estate Podcast show page for links!In This Episode We Cover:Josiah’s "pool guy to private money" story and how anyone can find private money in their areaThe FACT framework recap and using it to establish a system for finding private moneyBuilding rapport and creating credibility by showcasing yourself, your deals, and your teamThe sixteen “credibility pieces” Amy uses every day to engage more private money lendersHow to be prepared when private money lenders ask you specifics about a certain dealA brief lesson in how to escape a bear “attack” from Rob AbasoloAnd So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastGet Your Ticket for BPCon 2022Listen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaDavid's BiggerPockets ProfileDavid's InstagramRob's BiggerPockets ProfileRob's YoutubeRob's InstagramRob's TikTokRob's TwitterAmy’s Private Money ResourcesBiggerPockets Podcast 636 with Amy Part 1BiggerPockets Podcast 637 with Amy Part 2Books Mentioned in the Show:Long-Distance Real Estate Investing by David GreeneLend to Live by Alexandria Breashears & Beth JohnsonRaising Private Capital by Matt FairclothConnect with Amy & Josiah:Amy's WebsiteAmy's LinkedInAmy's Instagram: @amymahjooryJosiah's Instagram: @josiahheinClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-654Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Aug 28, 2022
Format:
Podcast episode
Titles in the series (100)
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