How to Structure Private Money Loans | Masterclass Video 6 w/ Pace Morby
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- Опубликовано: 9 июн 2023
- After you find them- how do you structure private money loans for your real estate deals?
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Jerry Norton went from digging holes for minimum wage in his mid 20's to becoming a millionaire by the age of 30. Today he's the nation's leading expert on flipping houses and has taught thousands of people how to live their dream lifestyle through real estate.
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The Series is great! When do ypu plan to do the whiteboard session, I would love to watch that and get a clear overview of what you have taught in real life scenarios. Your 0-60K thing is great too, Jerry.
Thank you! Please add some more!
15:40 Give them less than 5% or advisory shares 👌🏾... Great strategy Pace... Both of you guys are geniuses
The amount of value here is phenomenal and I'm here for it. Just closed on my first wholesale deal and made 10k. I have two more contracts in the works and I must say that Jerry taught me a lot. If you're out there wondering it really does work. I'm just a regular guy and it worked for me
That’s amazing! Would love to interview you about your success on my RUclips channel.
Go here to schedule with my team:
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This series is “gold” …..my investor wheels are turning. I’ve already found a partner that has 5 Private Money Lenders wanting deals. I find the deal and bring it to the table, and we split any profits after paying back the lenders. Thanks guys
Amazing content Jerry! 🎉. Pace you are an inspiration for many of us and Jerry you are a flipping genius 🙌🏻🧠🙏🏻🤯
Appreciate this info. I was in the process on working to get a cash out refi on a condo I own I bought sub2 years ago. This makes much more sense!!! I have a lot of equity so I'm sure it would be enticing to the potential private lender. The condo is down the street from nasa space center. Thanks again! I've been doing this for years and I'm always learning something new from y'all.
This masterclass is absolutely amazing! Literally has transformed my mind. It literal has made REI so much more simpler and attainable.
Keep it coming! This series has been incredible. Just the vote of confidence you guys offer alone is amazing not to mention the content. Anything else you could add to this series is welcome!
You guys are flipping genius I love you guys. Every time listen to you guys I learn something. Thank you.
Wow, this is full of high level alternative strategies. Re-listening and taking notes! Thank you for putting together points on structuring deals and including the mindset behind the decisions. Thanks again, gentlemen.
13:27 👌great way to make light of the situation at hand. They aren’t the primary🤷♂️
16:00 Another great strategy. That one is used by courts to put a lien on your all-caps name, hence your SS account.
AWESOME video! Can you link me to more content about how to structure equity deals for fix and flips? Im looking to give capital then get anywhere from 20-50% on the sale of the deal
Pure gold
Can you make a video on how to test a market correctly when wholesaling
I need a pml in GEORGIA for 80 to 100k for 12 months.
If u need 600k & 300k Reno & extra 100k to cover debt servicing.. do u have to disclose this to PM lender ? They might ask u , what’s the extra $100k for
How would I control showing the house to buyers with an RE agent who’s ducking me? The owner I got a deal with never signed anything with the agent but the agent has the keys because they went to church together . Well the owner moved away and signed a purchase and sale agreement with me( a free one I got from you) and now I’m struggling to get a walkthrough done with buyers bc the agent won’t respond to either of us. It’s a virtual deal. How would you recommend I take control of the keys from thousand of miles away?
Wow! First, make sure you file a memo of notice at the county to cloud the title. Second, report that agent to her brokerage. I bet you she will be scared to lose her license, lol! Good luck!
I’m here in Mesa where can I sit down and learn from you guys! What meeting can I get on or zoom call can I get on to start doing these things in my life for my family
Fasttrackwithjerry.com
What if Hard money lender doesnt allow for 2nd position liens? how is private money safe besides the promissory note?
This was an amazing well timed video. I mentioned an amazing deal I found on the last video but I’m having a stressful time trying to find a way to fund the deal and I’m worried I’m gonna lose out. Can you or someone on your team reach out to see if you would actually be interested in funding the deal? I’d definitely be up for the 50% split on the back end. I ran the deal through the deal analyzer and it would be a profit of roughly $200k.
Jerry when you are gonna double close what contract do you give your buyer?
I have a specific B-C contract
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10% no points in 2nd position, yea ok...
Wouldn't you just go to a bank? When you borrow private money wouldn't you just pay interest? Who would be willing to structure that in any other way? A sophisticated lender doesn't want to listen to this nonsense, they just want there rate...
What are you saying? Going to a bank & going to a private lender are the same thing/setup is the same way? It's not. Private lenders are less headache & fund u quicker. The interest rate can also be less & it doesn't always have to be interest payments they can agree to a share of the equity at the end of the deal.
What im saying is that no sophisticated private lender is going to listen to this nonesense.